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BC Land Transfer Tax on a mobile home ?

Thomas Beyer

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REIN Member
Joined
Aug 30, 2007
Messages
13,881
Yesterday I signed off all the docs for a 69 unit mobile home park we are buying in Cranbrook, BC.

As you know BC charges 1% for the first $200,000 then 2% on any property transfer as a tax. The purchase includes one mobile home valued at $25,000. The lawyer charged 2% on it, i.e. $500. I was arguing it is not a property, but a chattel as it is mobile and can be removed, and as such not subject to the land transfer tax.

Who is right ?
 
Last edited:

Sherilynn

Real Estate Maven
REIN Member
Joined
Oct 22, 2007
Messages
2,803
In my opinion, a mobile home is never an improvement. ;)
 

Sherilynn

Real Estate Maven
REIN Member
Joined
Oct 22, 2007
Messages
2,803
Yes, I have read your posts on mobile home park investing. There are so many interesting opportunities in the world of real estate. :)
 
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