Land Transfers and GST

 
 
Subscribe to our free E-Newsletter, "Agri-News" (formerly RTW This Week)Agri-News
This Week
 
 
 
 GST on purchases of commercial real property (by a GST registrant) are reported by the Purchaser on their GST returns for the period that includes the date of purchase. Assuming the property is going to be used in a commercial activity, an offsetting input tax credit is available. As a result there is no requirement to pay GST to the vendor on the purchase.  
 
 
 
Share via AddThis.com
For more information about the content of this document, contact Joel Bokenfohr.
This document is maintained by Nicole Halvorson.
This information published to the web on July 28, 2014.