New Housing Transition Tax and Rebate Tax – Do You Have The Facts?

The BC New Housing Transition Tax and Rebate Act has recently come into force and with that come questions that need answers. If you have already, or are planning to, enter into a contract to sell a new home to a purchaser with a Closing Date after April 1, 2013, there are new requirements contained within this Act that you must follow. Thankfully, our friends at Linley Welwood LLP have come in at the clutch with a summary of the requirements that you’ll need to follow as a vendor. You can click here to view a short summary of these new requirements along with a summary of how the new 2% Transition Tax will operate.

Please feel free to contact Howard Wiens at howard@linleywelwood.com if you have any questions.