Blog

BC’s New Home Flipping Tax

Have you heard of BC’s New Home Flipping Tax that comes into effect on January 1, 2025?

How the tax will work:
The BC home flipping tax will apply to income from the sale of property that was owned for less than 2 years.

The tax rate will be highest for those who owned properties for the shortest period and will decline the longer the property is owned. The tax rate will be 20 percent for income earned from properties sold within 365 days of purchase and will decline to zero between 366 and 730 days.

You may be exempt from paying tax on income earned from the sale of your property if you are eligible for an exemption.

For more information, please visit: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/bc-home-flipping-tax

Paying Rent

Happy Tuesday! Here is our latest advice for Buyers.

Are you tired of paying rent and ready to move on to building equity? We’d love to assist you:
✉️ info@layzelldreger.com

February Home Maintenance Tips

February Home Maintenance Tips

One of the primary reasons to do maintenance on your home is to make it last longer. Well-maintained homes are able to stand the test of time and will need major repairs or upgrades less frequently.

Are you Tired of having a Landlord?

𝕄𝕠𝕥𝕚𝕧𝕒𝕥𝕚𝕠𝕟 𝕄𝕠𝕟𝕕𝕒𝕪:

Are you tired of having a landlord? Is 2024 your goal year to purchase a home?

We have helped hundreds of Buyer and we would love to help you:
📧 info@layzelldreger.com