T-0.1 - Act respecting the Québec sales tax

Section 273 Disposition versions

1997-12-19

273. Where a public service body has filed an election under section 272 that takes effect on a particular day in respect of an immovable described in subparagraph 1 or 2 of the second paragraph of the said section and the body does not acquire the immovable on that day or become a registrant on that day, the body is deemed

(1)  to have made, immediately before the particular day, a taxable supply of the immovable by way of sale and to have collected, on the particular day, tax in respect of the supply equal to the basic tax content of the immovable on the particular day; and

(2)  to have received, on the particular day, a taxable supply of the immovable by way of sale and to have paid, on the particular day, tax in respect of the supply equal to the amount determined under paragraph 1.

1991, c. 67, s. 273; 1994, c. 22, s. 508; 1997, c. 85, s. 577.

1994-06-17

273. Where a public service body has filed an election under section 272 that takes effect on a particular day in respect of an immovable described in subparagraph 1 or 2 of the second paragraph of the said section and the body does not acquire the immovable on that day or become a registrant on that day, the body is deemed

(1)  to have made, immediately before the particular day, a taxable supply of the immovable by way of sale and to have collected, on the particular day, tax in respect of the supply equal to the lesser of

(a)  an amount equal to the total of the tax that was or would, but for sections 75.1 and 80, have been payable by the body in respect of the last acquisition of the immovable by the body and the tax that was payable by the body in respect of improvements to the immovable acquired or brought into Québec by the body after the immovable was last so acquired, and

(b)  an amount equal to the tax calculated on the fair market value of the immovable on the particular day; and

(2)  to have received, on the particular day, a taxable supply of the immovable by way of sale and to have paid, on the particular day, tax in respect of the supply equal to the amount determined under paragraph 1.

1991, c. 67, s. 273; 1994, c. 22, s. 508.

1992-07-01

273. Where a public service body has filed an election under section 272 in respect of an immovable, the body is deemed

(1)  to have made, immediately before the day the election becomes effective, and to have received, on that day, a taxable supply by way of sale of the immovable; and

(2)  to have paid as a recipient and to have collected as a supplier, on that day, tax in respect of the supply equal to the lesser of

(a)  an amount equal to the total of the tax that was or would, but for sections 75 and 80, have been payable by the body in respect of the acquisition of the immovable and the tax that was payable by the body in respect of improvements to the immovable or, where the body was deemed under section 243, by reason of sections 270 and 271, or under section 275 to have made a supply of the immovable at an earlier time, the total of the tax deemed under that section to have been collected by the body at that earlier time and the tax that was payable by the body after that earlier time in respect of improvements to the immovable; and

(b)  an amount equal to the tax that would be payable by the body if the body acquired the immovable on that day by way of a taxable supply from a registrant for consideration equal to its fair market value at that time.

1991, c. 67, s. 273.