Sales of Vacant Land by Individuals
This information sheet explains the application of the GST/HST to sales of vacant land by individuals. It focuses on sales of personal use land rather than land sold in a business and provides examples of how the GST/HST applies to common situations involving these sales. For GST/HST purposes, the term "individual(s)" does not include a partnership consisting of individuals. Therefore, the information in this information sheet does not apply to land held by a partnership although it may apply to land held by individuals in joint tenancy or tenancy in common.
Original Article Source Credits: Government Of Canada , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2017-06-22
Link to Original Article: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/gi-003/sales-vacant-land-individuals.html
