Quote:
Originally Posted by Scotsman
FYI if it is reduced 30% per year then you have to calc it like this:
300k*0.7=210k 1st year
210k*0.7=147k 2nd year
It's 30% of the new lesser amount not the original amount
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This is in case that he keeps his BC resident status.
I am curious though... on the bulletin it says 30% reduction for every year and then 2.5% for every month.
So it's actually sales price*(0.7^x) where x is in years?