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19 April 2008

Land Transfer Tax for First Time Homebuyers

I was asked a question regarding land transfer tax for first time home buyers……

Eligibility is for any property now including, New Construction and resale properties.

But note that there is a maximum on this……

They have to pay for it up front and can apply for a refund of up to a maximum of $2000.00

The above link is the official explanation of the program.

Thanks,

David Kendall

Senior Mortgage Consultant

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