The Resource The application of the goods and services tax to real property transactions

The application of the goods and services tax to real property transactions

Label
The application of the goods and services tax to real property transactions
Title
The application of the goods and services tax to real property transactions
Creator
Subject
Summary
The real estate sector is an area of the GST legislation where many interpretative difficulties have arisen. "The author reviews some of the rules that govern common real estate transactions and the issues that typically must be considered in order to ensure that the application of the GST is properly addressed. He then discusses the respective obligations of the vendor and purchaser in GST-taxable conveyances of real property, with particular emphasis on the purchaser's obligation to pay GST, the vendor's responsibility to collect and remit the tax, and the events that may eliminate these obligations or result in a shifting of liability. Finally the author examines the GST provisions that frequently exempt specific types of real estate conveyances, as well as the rules that govern combined supplies of real and personal property, owner-built residential properties, foreclosures and quit claims, deposits, forfeitures and hold backs, joint ventures, and certain rebates."
Citation source
In: Canadian tax journal = Revue fiscale canadienne. - Toronto. - Vol. 42 (1994),
http://library.link/vocab/creatorName
Arkin, P.R
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • GST
  • immovable property
Label
The application of the goods and services tax to real property transactions
Instantiates
Publication
Label
The application of the goods and services tax to real property transactions
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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