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GST on Sale of Land
05-18-2018, 02:36 AM
Post: #1
GST on Sale of Land
Holding company is selling piece of land at fair market value to individual taxpayer. Both are GST registrants. To avoid claiming GST collected by seller and a huge ITC by the buyer, what needs to be filed with CRA? Is there a specific form? I've seen some sort of agreement signed by both parties on previous transactions, just not sure what it was.
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