PPT stands for Property Purchase Tax. It is also known as PTT which stands for Property Transfer Tax. PPT is a provincial tax in British Columbia.
The formula is:
PPT = 2% of Purchase Price - $2000
Or
PPT = 1% of Purchase Price ( if Purchase Price is $200,000 or less).
Paul Young, The Realtor With Burning Enthusiasm
The formula is:
PPT = 2% of Purchase Price - $2000
Or
PPT = 1% of Purchase Price ( if Purchase Price is $200,000 or less).
Paul Young, The Realtor With Burning Enthusiasm
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