Quote:
Originally Posted by Funnel
A trade is possible. All you need to do is fill the trade info and price on ICBC Transfer/Tax Form (APV9T) and both of you pay no tax.
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If equal value, yes (which I realize that the question you responded to said equal value). Should be noted that if there is any additional taxable items or money involved, there will be tax on the difference.
It's like trading your car in at a dealership; you don't pay taxes on the value of the trade in.