Administrative Policy
2 May 2024 GST/HST Interpretation 246050 - Assignment of an interest in real property and direction of title change
An individual agreed to purchase a pre-construction condominium unit for personal purposes, and a related individual agreed to purchase a second...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Supply | a direction letter to change how title is conveyed at closing gives rise to a real estate supply | 258 |
| Tax Topics - Excise Tax Act - Section 155 | s. 155 engaged where two related individuals with respective new condo purchase agreements directed that title to both be transferred to them in co-tenancy | 209 |
| Tax Topics - Excise Tax Act - Section 256.2 - Subsection 256.2(3) | where condo unit acquired in co-ownership, NRRP rebate conditions applied separately to each purchaser | 37 |
GST/HST Notice 323, Proposed GST/HST Treatment of Assignment Sales, May 2022
Treatment of assignment sales (of an agreement with a builder for a new home) under pre-s. 192.1 rules (p. 1)
Under the current GST/HST rules, an...