T-0.1 - Act respecting the Québec sales tax

Section 199.2 Disposition versions

1997-12-19

199.2. (Repealed).

1994, c. 22, s. 460; 1997, c. 85, s. 534.

1994-06-17

199.2. Where property is supplied by way of lease, licence or similar arrangement to a person for consideration that includes two or more periodic payments that are attributable to successive parts (each of which is referred to in this section as a “lease interval”) of the period for which possession or use of the property is provided under the arrangement and tax in respect of the supply, calculated on a particular periodic payment, at any time becomes payable by the person or is paid by the person without having become payable, for the purpose of determining an input tax refund of the person in respect of the property,

(1)  the person is deemed to have received, at that time, a separate supply of the property for the lease interval to which the particular periodic payment is attributable; and

(2)  the tax calculated on the particular periodic payment is deemed to be tax payable in respect of the separate supply.

1994, c. 22, s. 460.