From RECBC
Budget 2018 announced changes to Property Transfer Tax that come into effect on February 21, 2018, including:
You can find information about these changes at gov.bc.ca/propertytransfertax.
The Council recommends that licensees advise both their buyer clients and their seller clients to seek independent professional advice to determine if their trade in real estate will be subject to the Additional Property Transfer Tax, and any potential impact that may have.
New Property Transfer Tax Return
As a result of changes announced in Budget 2018, Version 30 of the Property Transfer Tax (PTT) Return must be used as of February 21, 2018. The return is now available for download from the Land Title and Survey Authority of BC website. On February 21, 2018, it can also be downloaded through the Electronic Filing System (EFS) in the myLTSA portal.