Jump to content

      













Photo

Agents' Fees & Property Transfer Taxes


  • Please log in to reply
3 replies to this topic

#1 rambaldi

rambaldi
  • Member
  • 164 posts

Posted 01 April 2016 - 07:09 AM

Are the fees paid to the seller's and buyer's REALTORs excluded from the Property Transfer Tax calculation?

 

Thanks.


Edited by rambaldi, 01 April 2016 - 07:09 AM.


#2 MarkoJ

MarkoJ
  • Member
  • 4,581 posts
  • LocationVictoria

Posted 01 April 2016 - 07:31 AM

Are the fees paid to the seller's and buyer's REALTORs excluded from the Property Transfer Tax calculation?

 

Thanks.

 

No, nither are appliances, but they should be as an appliance is a chattel.

 

I sometimes seperate out the appliances from the contract of purchase and sale, depending on the situation, to save my clients on PTT.


Edited by MarkoJ, 01 April 2016 - 07:31 AM.

  • rambaldi likes this

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#3 lanforod

lanforod
  • Member
  • 6,715 posts
  • LocationSaanich

Posted 01 April 2016 - 09:57 AM

No, nither are appliances, but they should be as an appliance is a chattel.

 

I sometimes seperate out the appliances from the contract of purchase and sale, depending on the situation, to save my clients on PTT.

 

That must be a bit of a PITA though. Estimate value, draw up another bill of sale...



#4 MarkoJ

MarkoJ
  • Member
  • 4,581 posts
  • LocationVictoria

Posted 01 April 2016 - 11:25 AM

That must be a bit of a PITA though. Estimate value, draw up another bill of sale...

 

As noted, only under special circumstances....for example, to save first time buyer PTT if the seller wants high 470ish/low 480ish (including appliances) and the exemption is 475kish I'll draw it up as 475k + 5k for kitchen appliances + washer/dryer, for example.


  • lanforod likes this

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


To advertise on VibrantVictoria, call us at 250-884-0589.