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My question is: Canadian-specific
QUESTION: Hi,
If I am buying a condo built in 1996 do I have to pay GST, if I am buying it directly from the builder?
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david ingram replies:
Yes! The builder will have rented it out for the last eight years. It might even have been rented to you.
The sale to the new purchaser is the first time it has been sold and GST is applied.
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Answers to this and other similar questions can be obtained free on Air every Sunday morning.
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Those outside of the Lower Mainland will be able to listen on the internet at
www.600AM.com
Local phone calls to (604) 280-0600 - Long distance calls to 1-866-778-0600.
Old shows are archived at the site.
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