Ontario Tax Sale Property Forum

*
Welcome, Guest. Please login or register.

Login with username, password and session length
 

News:

Tax List Property Listings Forum


  • Home
  • Help
  • Search
  • Calendar
  • Login
  • Register
  • Ontario Tax Sale Property Forum »
  • Tax Sale Forum »
  • Questions and Answers »
  • HST and resale of tax sale properties specifically (vacation) Land
« previous next »
  • Print
Pages: [1]

Author Topic: HST and resale of tax sale properties specifically (vacation) Land  (Read 19965 times)

0 Members and 1 Guest are viewing this topic.

Dave2

  • Senior
  • *******
  • Posts: 1341
  • Karma: 67
    • View Profile
HST and resale of tax sale properties specifically (vacation) Land
« on: June 21, 2010, 09:41:44 PM »
There seems to be some confusion as to whether HST is to be charged on resale of vacation land in Ontario.  I have seen differing so called expert opinions.  

For the average working stiff like yours truly it appears it does not have to be levied on your first one or two sales.  

Once you get to Frank's rarified attmosphere with more then a couple of sales apparently they classify you as a professional (i.e.  you are deemed to be in the business of buying and selling land) and HST must charged.

Anyone got any clarification they help us with.    

Logged

  • Print
Pages: [1]
« previous next »
  • Ontario Tax Sale Property Forum »
  • Tax Sale Forum »
  • Questions and Answers »
  • HST and resale of tax sale properties specifically (vacation) Land
 

  • Powered by SMF 2.0.19 | SMF © 2006-2009, Simple Machines LLC
  • XHTML
  • RSS
  • WAP2

Page created in 0.051 seconds with 23 queries.