The present Regulation is made under the Property Transfer Tax Act. Section 3 establishes that in the case of a transfer by a Crown grant or Crown lease agreement that is to be submitted directly by the Ministry of Agriculture and Lands to the land title office for registration on behalf of a transferee, the transferee must, on demand made by the administrator, remit tax and file a return with the administrator. The text consists of 17 sections divided into 3 Parts as follows: General (1); Valuation of life estates and leases (2); Principal residence exemption (3).

The present Regulation is made under the Maanulth First Nations Final Agreement Act. In particular, the Regulation lays down provisions relating to forest compensation payments. The text consists of 9 sections as follows: Definition and interpretation (1); Land deletions (2); Allowable annual cut reductions (3); Deemed allowable annual cut reductions under Forest Act (4); Notice of order (5); Compensation for harvesting rights (6); Compensation for improvements (7); Commercial Arbitration Act applies (8); Limit on compensation (9).

The present Act provides for taxation of transfer of property and for gaining an interest in property that is registered at the Land Title Office. Taxable transactions include: transfer of fee simple, right to purchase or agreement for sale, lease or lease modification agreements, life estate, foreclosure, Crown grant, escheat, forfeiture or quit claim transfer as a result of corporate reorganization, The calculation of the tax is based on the fair market value of the property. The text consists of 38 sections.