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Property Transfer Tax Partial Exception B.C.

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First Time Home Buyers’ Exemption Amounts

June 2nd, 2016

If you qualify for the first time home buyer’s exemption, the amount of property transfer tax you pay depends on:

  1.  the fair market value of the property
  2. the percentage of the property transfer eligible for the exemption
  3. when the the property was registered

The exemption amount is deducted from the amount of tax you would normally pay. Find out how much tax is payable if the property transfer is:

Note: If your property was registered on or before February 18, 2014, the amount of tax payable may be different. Find out the amount of your exemption.

100% Eligible

Below is the amount of tax payable if 100% of the property transfer is eligible for the First Time Home Buyer’s Exemption.

Fair Market Value Exemption Amount Tax Payable
Less than $475,000.00 Full amount of tax normally due $0
$475,000.00 $7,500.00 $0.00
$476,000.00 $7,219.20 $300.80
$477,000.00 $6,936.80 $603.20
$478,000.00 $6,652.80 $907.20
$479,000.00 $6,367.20 $1,212.80
$480,000.00 $6,080.00 $1,520.00
$481,000.00 $5,791.20 $1,828.80
$482,000.00 $5,500.00 $2,140.00
$483,000.00 $5,208.80 $2,451.20
$484,000.00 $4,915.20 $2,764.80
$485,000.00 $4,620.00 $3,080.00
$486,000.00 $4,323.20 $3,396.80
$487,000.00 $4,024.80 $3,715.20
$488,000.00 $3,724.80 $4,035.20
$489,000.00 $3,423.20 $4,356.80
$490,000.00 $3,120.00 $4,680.00
$491,000.00 $2,815.20 $5,004.80
$492,000.00 $2,508.80 $5,331.20
$493,000.00 $2,200.80 $5,659.20
$494,000.00 $1,891.20 $5,988.80
$495,000.00 $1,580.00 $6,320.00
$496,000.00 $1,267.20 $6,652.80
$497,000.00 $952.80 $6,987.20
$498,000.00 $636.80 $7,323.20
$499,000.00 $319.20 $7,660.80
$500,000.00 $0 $8,000.00
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