House Flipping Taxes: What You NEED To Know

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Starting January 1, 2025, the BC government is introducing a new Home Flipping Tax to curb short-term property sales. If you’ve been flipping properties for quick profits, this new rule could significantly impact your strategy. In this video, I break down the BC Home Flipping Tax, how it works, who it affects, and what you can do to navigate these changes.

🏠 Plus, I’ll touch on the federal flipping rules already in effect and how they compare to BC’s new tax. Stick around to learn about key exemptions, tax rates, and how this could reshape the real estate market in British Columbia!

Link to BC Government Tax Calculation Formula:
https://www2.gov.bc.ca/gov/content/ta...

📞 Shane Cyr // South Island Realtor
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Chapters:

0:00 - Introduction: Are You Thinking of Flipping Homes in BC?
0:39 - Federal Flipping Tax Overview (2023 Rules)
1:14 - Introduction to BC's New 2025 Flipping Tax
1:47 - Exemptions to the BC Flipping Tax
2:20 - How the BC Flipping Tax is Calculated
2:57 - Pre-Sales and the BC Flipping Tax
3:39 - Detailed Example of Pre-Sale Impacts
4:16 - Final Thoughts on the Flipping Tax
4:40 - Engage: What Do You Think About the New Rules?

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