Here’s a secret strategy that allows you to claim the Property Purchase Transfer Tax TWICE.

We all know you have to pay the Property Transfer Tax (PPTT) in British Columbia as follows:

1.0% on amounts up to and including $200,000 plus 2% on the amount exceeding $200,000

BUT, Here’s a Secret Strategy that lets you claim it on a 2nd property…

You’re probably thinking that’s NOT possible because we all know that you can ONLY claim the First Time Property Purchase Transfer Tax Buyer Status ONCE in your life when your’er buying real estate in British Columbia.

Well, I’m going to share a little secret with you that allows you to Claim the Property Purchase Transfer Tax Grant on TWO homes.

Yes TWO homes!

Here’s the Secret, When you’re buying a home in British Columbia with a significant other, husband & wife, boyfriend girlfriend, siblings even simply friends, MAKE sure ONLY one of you goes on title.

That way, the 2nd person STILL retains their ability to claim the Property Purchase Transfer Tax grant further down the road

And this can be a significant savings.

For example, on a $425,000 dollar home purchase, you avoid paying $6,500 of your hard earned cash.

Remember, there’s a lot more to mortgages than just great rates.

For the right advice – at the right time

Go ahead and call me to discuss

Mark Fidgett, Your Vancouver Mortgage Broker For Life

www.notapennydown.com

604-273-2002

P.S. Who’s the next person you know who wants to save thousands off their mortgage?
Be sure to give me a call so we can help them!