Hey All
In case you aren’t aware BC just changed the taxes on used vehicles to be book value vs actual price paid
There is a petition circulating to repeal it
https://chng.it/5kQsvpjBpy
Used car sales tax in bc
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ANDYD
- Defender of the World
- Posts: 3075
- Joined: Tue Mar 09, 2004 10:45 pm
- Location: Sunny Steveston BC
Re: Used car sales tax in bc
Good to know Paul, I had heard about this a while ago but had forgotten all about it ...
It's already really annoying that we have to pay any tax on used vehicles.
I wonder how they will figure out the "book value" of a 65 year old Land rover that requires a full restoration?
Is there a link out there so we can all see what the ICBC vehicle "book values" are?
It's already really annoying that we have to pay any tax on used vehicles.
I wonder how they will figure out the "book value" of a 65 year old Land rover that requires a full restoration?
Is there a link out there so we can all see what the ICBC vehicle "book values" are?
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bsa_m21
- Spanner Man
- Posts: 811
- Joined: Mon Mar 02, 2015 1:30 pm
- Location: Surrey, BC
Re: Used car sales tax in bc
I believe they want to charge tax on the greater of what you paid or the current “wholesale” value of the vehicle. And the “wholesale” value changes all the time. Typical money grab by politicians. :evil: