To learn how to calculate your BC home flipping tax and find out if it is applicable in your situation, you will find detailed instructions and examples here on the Government of BC website.
You will be guided through the steps that include:
Step 1: Calculate your taxable income
Step 2: Calculate your net taxable income
Step 3: Calculate your tax rate
Step 4: Calculate your tax owing
Find out how to calculate your BC home flipping tax
The Government website includes a phone number to call and an email to ask questions.
NOTE: Make sure you get professional tax advice about the BC flipping tax before you sell your property so you know what will be your obligation. Also, make sure you investigate if you have to pay the Federal Flipping tax which is NOT the same as the BC flipping tax.
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Once we meet you get your own personal copy of the special buyers or seller guide books I created that help you become more informed about todays more complex real estate buying or selling journey. Knowledge is power.
Sincerely,
David Hennessey
REALTOR®
eXp Realty
604 626 8903
