B C Rural Property Tax in Victoria, Canada administers property transfer tax for individuals and entities acquiring property interests in the region. The tax is based on the fair market value of the property at the time of registration with the land title office, with exemptions available under specific circumstances.
Applicable rates include the general property transfer tax, an additional tax for high-value residential properties, and an extra tax for foreign nationals, foreign corporations, or taxable trustees within specified areas of British Columbia. The organization provides resources such as tax calculators and guidance on exemptions to assist taxpayers in understanding and fulfilling their property transfer tax obligations.
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