View all 28 imagesSouthern Gulf Islands - Land Transfer Tax
When purchasing a property in Southern Gulf Islands, you’ll have to pay the British Columbia Property Transfer Tax, which is due upon closing. There is no municipal transfer tax. If you’re a first-time home buyer, you could be eligible for a rebate to a maximum of $8,000. See below for British Columbia Property Transfer Tax rates.
British Columbia Property Transfer Tax
Purchase PriceRate
$0 - $200,0001.0%
$200,001 - $2,000,0002.0%
$2,000,001 - $3,000,0003.0%
$3,000,000+5.0%
Land Transfer Tax Calculator
$
Provincial tax$8,000
Municipal tax$0
Rebate$0
Total land transfer tax$8,000