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PROPERTY TRANSFER TAX

Please be advised that ProSuiteTM will be updated on Wednesday, March 1st, 2017 at 6:00 a.m. There will be no interruption in ProSuite service and these changes DO NOT require an upgrade to your system.

 

This update includes the following:

 

PTT Calculation Changes

The BC Government released its 2017 budget which included some changes to the Property Transfer Tax. The threshold for the first time homebuyers’ exemption has been increased from $475,000 to $500,000.

 

Changes will be made to the calculation of the PTT on the Property>Land Value tab to reflect the changes in the threshold for first time home buyers’ exemption.

 

PTT V28

The new PTT v28 will be available in ProSuite.

 

If you do not receive the new version automatically please do the following:

  1. Open the Document Selector to the appropriate tab and click the Refresh button located in the top right corner.
  2. Click on the User button in the main menu ribbon and on the Settings tab, click the Update local LTO files

 

Need Help?

If you require further assistance, please contact customer service at 1.866.367.7648 or inquiries@doprocess.com.

 

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