BC Home Flipping Tax Supports Fair Housing Market

The BC home flipping tax applies to profits from selling residential properties owned less than 730 days, effective January 1, 2025. It targets short-term property holding and applies to individuals or entities worldwide. The tax rate is 20% for properties held under 365 days, decreasing until 730 days when it no longer applies. Exemptions include primary residence deductions and related-person gifts held over 729 days. Filing a separate tax return is required if subject to the tax.