New B.C. Real Estate Rules | KPMG | GLOBAL

New B.C. Real Estate Rules

New B.C. Real Estate Rules

Real estate developers will be affected by new B.C. real estate measures.


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The budget, which was delivered on February 20, 2018, increased property transfer tax on some property, announced a new speculation tax and introduced new rules to better track changes in beneficial ownership. Although many of these new budget measures are intended to improve tax enforcement, some changes may inadvertently affect common real estate transactions.

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