Real Property Transfer Tax Marriage Breakdown Exemption

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This section provides information on eligibility for a waiver of Real Property Transfer Tax where the transfer of real property is as a result of a marriage breakdown.

What is the Real Property Transfer Tax marriage breakdown exemption?

Real Property Transfer Tax that normally applies to the registration of a deed of conveyance in Prince Edward Island may be waived where the transfer of real property is as a result of a marriage breakdown.

What if a consideration is paid for the transfer of real property as part of a marriage breakdown?

The Real Property Transfer Tax is waived where the transfer of real property is as a result of a marriage breakdown, even if consideration is paid for the transfer of the real property.

What conditions must be met to qualify for this exemption?

In order to qualify for the exemption, the following conditions must be met: 

  1. The real property must be transferred from a transferor to a transferee who is a spouse or former spouse of the transferor; and 
  2. The transfer must be made pursuant to a written separation agreement or a court order, made under the Family Law Act.

Who should I contact if I have questions about the Real Property Transfer Tax marriage breakdown exemption? 

Taxation and Property Records
Phone: (902) 368-4070
Fax: (902) 368-6164
Email: taxandland@gov.pe.ca

 

Disclaimer: This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.
Date de publication : 
le 17 Mai 2017
Finances

Renseignements généraux

Taxation and Property Records
1st Floor Shaw South, 95 Rochford Street
PO Box 2000
Phone: 902-368-4070
Fax: 902-368-6164

taxandland@gov.pe.ca