What Is the Vehicle Bill of Sale in British Columbia?
In British Columbia, a Vehicle Bill of Sale is not the standard document for transferring vehicle ownership. Instead, the province requires both the buyer and the seller to complete a transfer/tax form (APV9T). This form serves a similar purpose to a Bill of Sale, as it records the details of the transaction and the change in ownership.
What Is the Transfer/Tax Form in British Columbia?
The Transfer/Tax Form (APV9T) in British Columbia is a document required for the legal transfer of vehicle ownership from the seller to the buyer. It serves a similar purpose to a Vehicle Bill of Sale. Still, it is specific to the province and includes details necessary for calculating and paying the applicable taxes on the transaction.
What is the Purpose of the Transfer/Tax Form in British Columbia?
The purpose of the Transfer/Tax Form in British Columbia is to:
- Document the sale and purchase of a vehicle.
- Record the transfer of ownership from the seller to the buyer.
- Provide the necessary information for calculating and paying the applicable taxes on the vehicle transfer.
- Serve as a legal record of the transaction for both parties.
Do I Need a Transfer/Tax Form To Transfer Ownership in British Columbia?
Yes, a Transfer/Tax Form (APV9T) is required to transfer ownership of a vehicle in British Columbia. The form must be completed and signed by both the buyer and the seller and submitted to an Autoplan broker to complete the registration process under the new owner's name.
What Should the Transfer/Tax Form Contain in British Columbia?
The Transfer/Tax Form (APV9T) in British Columbia should contain the following information:
- The names and addresses of the buyer and seller.
- A detailed description of the vehicle, including make, model, year, VIN (Vehicle Identification Number), and odometer reading.
- The sale price of the vehicle.
- The date of the sale.
- Signatures of both the buyer and seller.
- The amount of tax payable on the transaction.
What Should I Do With a Transfer/Tax Form in British Columbia?
Once the Transfer/Tax Form (APV9T) is completed and signed, the following steps should be taken:
- The buyer should take the signed form to an Autoplan broker to register the vehicle in their name and pay the applicable taxes.
- The buyer and the seller should keep a copy of the completed form for their records.
Who Keeps the Transfer/Tax Form in British Columbia?
The buyer and the seller should keep a copy of the completed Transfer/Tax Form (APV9T) for their records. This document serves as proof of the transaction and may be required for future reference.
Is a Transfer/Tax Form Legally Binding in British Columbia?
Yes, the Transfer/Tax Form (APV9T) is a legally binding document in British Columbia. It records the transfer of ownership and the terms of the sale, and it is essential for both parties to accurately complete and sign the form to ensure the legality of the transaction.
Transfer/Tax Form Template
Below is a sample template for a Transfer/Tax Form in British Columbia.