In British Columbia, which document must a buyer (the transferee) file when applying to register a transfer of land, even if the transfer is exempt from Property Transfer Tax?
Correct Answer
B) Property Transfer Tax Return
Property Transfer Tax Act s. 2(1) requires the transferee, on applying to register a taxable transaction at a land title office, to pay the tax and to file a return in the prescribed manner, whether or not the transaction is exempt. For electronic registrations the return is filed electronically.
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