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Subjecting transfers of beneficial ownership to PTT is not as simple as it might seem

Source: Thor Tax
Link: Subjecting transfers of beneficial ownership to PTT is not as simple as it might seem

BC’s Property Transfer Tax Act (“PTTA”) currently taxes only registered transfers of realty. In other words, it essentially taxes transfers of legal ownership, but not transfers of beneficial ownership. Numerous BC governments have for years considered expanding the scope of…

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