Section 5(2) BEFORE repealed by BC Reg 122/2010 effective March 3, 2010 [retro from May 5, 2010].
(2) Where a transferee pays tax in respect of a transfer that is for the purpose of reconveying property
(a) that was conveyed in error, or
(b) in respect of which an error was made in the description or survey under which title to the property was registered,
the administrator may, in accordance with the Financial Administration Act, refund out of the consolidated revenue fund to the transferee the amount of tax paid.
Section 5(3) BEFORE amended by BC Reg 122/2010 effective March 3, 2010 [retro from May 5, 2010].
(3) Where tax is refunded to a person under section 23 (2) of the Act, the administrator may, in accordance with the Financial Administration Act, refund out of the consolidated revenue fund to that person the fees paid under the Land Title Act, except fees established by the Board of Directors under that Act, in respect of the transfer for which the refund of tax is made, less all cancellation fees.
Section 5(1) BEFORE repealed by BC Reg 91/2013 effective April 1, 2013.
(1) If a person
(a) has paid tax under the Act in respect of a taxable transaction, and
(b) has also paid tax under the Social Service Tax Act in respect of a portion of the fair market value of the interest transferred under the same taxable transaction,
the administrator may, in accordance with the Financial Administration Act, refund out of the consolidated revenue fund to the person the amount of property transfer tax paid by that person in respect of the portion on which both property transfer tax and tax under the Social Service Tax Act have been paid.
Section 5(4) was added by BC Reg 91/2013 effective April 1, 2013.