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Other Transfers and Dispositions — There are LTT exemptions for certain conveyances of land, including conveyances to the Crown and transfers between spouses. There are also exemptions for unregistered dispositions relating to employee relocation packages, as well as for the acquisition of a de minimus interest in a partnership and the acquisition of a unit in a mutual fund trust. There are also various other tax expenditures, such as a transfer of a leasehold interest in land that has an unexpired term that cannot exceed 50 years and a reduction in the value of consideration for land purchased to replace land taken under statutory authority.
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