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New Electronic Version 16 PTT Form

The Ministry of Small Business and Revenue has released a new electronic version of the Property Transfer Tax  Form ( V16).The Version 16 Property Transfer Tax Form is available for download from the download templates in EFS.As a result of Property Taxation Branch Information Sharing Legislation introduced on October 15, 2007, a statement has been added to the bottom of the return indicating that the information provided may be shared for the purposes of administering the Home Owner Grant Act and the Land Tax Deferment Act.There will be a transitional period until December 1, 2007 to allow form users to begin using the new form. After that date, the latest version of the form should be used for all submissions.The field 17 has been altered to accommodate numerical values if “Other” is chosen from the drop down box.