File a Claim of Builders Lien application online at ltsa.ca/FileCBL. The new online application includes the option to easily prepopulate key information. LTSA encourages customers to use the online form to submit an application online, by mail or in person.
Version 35 of the Property Transfer Tax (PTT) Return Deferred Until Nov 7
[Update: October 21, 2022] Revised release date of version 35 of the PTT is November 7.
The release of the new version (Version 35) of the Property Transfer Tax (PTT) web-based return has been deferred until November 7, 2022.
Web Filing versions of the PTT Return electronically signed before November 7 will be accepted until November 20. Previous versions (Version 34) of the return that are not electronically signed before November 7 will require a new return for submission.
The following changes will be introduced to Version 35 of the Web-based PTT return:
Transferees
- First-time home buyers will be required to provide a start date for each of their previous addresses in BC during the year immediately before the date of registration.
- If a part interest is transferred from related individuals, you will no longer need to use the ADMIN code to claim an exemption. Instead, select the appropriate exemption code from the drop-down list.
Property Description
- Correcting transaction will be added to the Transaction Type list to allow proper filling of transfers to correct a conveyance error.
Tax Calculation
- Exemption of General PTT (override) will be available for part interests transferred from related individuals. This override is available to claim a partial exemption.
- Additional Property Transfer Tax (override) is only available for transactions that are applicable to ATT.
Attachment
- Supporting documents to explain calculation of the fair market value of each parcel will be required if a subdivision exemption is claimed.
For more information about PTT requirements, visit the ministry’s Information for Legal Professionals on Filing a Property Transfer Tax Return webpage. You can also find out what’s new or subscribe to receive email updates when information changes on the ministry’s website.