BC Assessment’s Important Notice to Potential Purchasers of Private Managed Forest Land alerts prospective purchasers to two items that may result in additional property tax or fees:
- Purchasers of private managed forest land may be responsible for paying taxes on timber previously harvested by the Vendor; and,
- Purchasers of private managed forest land may be responsible for paying exit fees if the property is removed from managed forest land class, if the land has been classed as managed forest land for less than 15 years.
Further details are provided in the BC Assessment notice here:
BC Assessment – Important Notice: Purchasers of Private Managed Forest Land
OTHER RESOURCES
BC Assessment
Managed Forest Council: Exit Fees