ABOUT

AUTOTAX APPRAISALS

As the buyer of a privately sold vehicle in BC, you will be asked to pay provincial sales tax (PST) when you register your used vehicle based on the ICBC assessed value, regardless of the purchase price.

If you believe the value of your vehicle is LESS than the ICBC assessed value, AutoTax.ca may be able to help.

AutoTax.ca, by Verus Valuations®, was specifically designed to provide vehicle valuations for individuals in this situation. We will identify all the factors that support the reduced price you paid for your vehicle and will provide you with a completed and signed Motor Vehicle Appraisal Form – FIN 320 that you can take to your Autoplan agent for an adjusted PST calculation.

STEP 1. CONTACT US

Call Us at 1-877-463-8241 and ask about our AutoTax.ca program.

Find out if your privately purchased vehicle has qualifying factors that may lessen the amount of PST you’re being asked to pay. We will tell you immediately if we think you may benefit from an AutoTax.ca appraisal.

If we do, we will send you our AutoTax.ca ‘Request for Information” form by email.

STEP 2. IDENTIFY & COLLECT

Tell us about your vehicle by completing our AutoTax.ca ‘Request for Information’ form. Provide details about why you think your vehicle’s value is less than the ICBC assessed value. Collect all the documents that can support the purchase price.

STEP 3. SUBMIT & ATTACH

Email us at info@autotax.ca and attach all your supporting documents:

REQUIRED DOCUMENTS
1. Completed AutoTax.ca ‘Request for Information’ form
2. Transfer/Tax Form (APV9T)
3. Recent CarFax Vehicle History Report (if obtained at the time of sale). If you don’t have one of these, we will supply one for an additional cost.

OPTIONAL DOCUMENT EXAMPLES
1. Mechanical inspection or condition report
2. Repair estimate
3. A copy of the sales listing
4. Bill of sale
5. Any other document you feel may support your vehicle purchase price

STEP 4. DOWNLOAD OUR APP AND PHOTOGRAPH YOUR VEHICLE

Once we’ve processed all of your information, we’ll send you a link to our App so you can do a virtual inspection of your vehicle and we can complete the valuation. The App is simple to use and will guide you through the process. The App works on both Android and iOS GPS enabled devices.

STEP 5. SIT BACK AND WAIT

Now that we have all of your information, we will conduct extensive market research and use our industry knowledge and experience to provide an accurate valuation of your vehicle. Within 2 business days, you will receive a completed and signed Motor Vehicle Appraisal Form (FIN 320) that you can take to your Autoplan agent for an adjusted PST calculation when you complete your vehicle registration.

We will retain the full appraisal report and all corresponding documentation on file for 7 years, in the event of a discrepancy or future audit.

If you have already paid the PST based on ICBC’s assessed value, you can apply to BC Ministry of Finance for a refund (applications must be received within 30 days of registering the vehicle) by submitting the signed Motor Vehicle Appraisal Form (FIN 320), along with the following form:

APPLICATION FOR REFUND OF PROVINCIAL SALES TAX (PST) PAID ON A MOTOR VEHICLE.