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Old 02-25-2022, 11:37 PM   #1
fliptuner
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New tax rules on private, used car sales

It's already bullshit that we pay tax on privately sold cars. Now they want to dictate the tax, based on the mean value of said car. There's a lot more to consider than make/model/year.

https://www.kamloopsthisweek.com/loc...obacco-5097884

Quote:
The tax change for used vehicle sales was included in Tuesday’s (Feb. 22) provincial budget, and takes effect on Oct. 1. At that time, tax will apply to either the reported purchase price or the average wholesale price of that type and year of vehicle, whichever is greater.

“This approach would align B.C.’s treatment of private vehicle sales with the majority of other provinces and is intended to address tax avoidance arising from the underreporting of the price of motor vehicles from private sales,” states the detailed budget released Feb. 22. “The measure will not apply for motor vehicles involved in a trade-in.”
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