When using a section 85 rollover to transfer property how would the land transfer tax work? Would I need to pay it? If so would they calculate it at cost or FMV?
What province are you in? In British Columbia, PTT is payable when a title change is registered in the Land Title Office (LTO). If you're transferring property via an 85, you might be doing it w/ a bare trust as well, in which case no PTT would be due. Your lawyer will be able to tell you and help you structure the rollover appropriately. PTT, when applicable, is payable on FMV. Contact us at www.parrbusinesslaw.com/contact for more information!
When using a section 85 rollover to transfer property how would the land transfer tax work? Would I need to pay it? If so would they calculate it at cost or FMV?
What province are you in? In British Columbia, PTT is payable when a title change is registered in the Land Title Office (LTO). If you're transferring property via an 85, you might be doing it w/ a bare trust as well, in which case no PTT would be due. Your lawyer will be able to tell you and help you structure the rollover appropriately. PTT, when applicable, is payable on FMV.
Contact us at www.parrbusinesslaw.com/contact for more information!
How fo we find people who can do these things ?
Hey there, if you are in Canada we can help you, you just need to fill out this form: www.parrbusinesslaw.com/contact
What about a section 85a transfer of stock options to an employee
Can you expand on what your question is?
How does Amazon not pay taxes, please. That's what we need to know.
Random question - if I pass the bar in Canada, does this only cover Canada? Or also the states
Hi Steve how can I contact you
Hi there, get in touch with our legal experts here: parrbusinesslaw.com/contact (please note - we only serve Canadian clients)