T-0.1 - Act respecting the Québec sales tax

Section 397.2 Disposition versions

2015-10-21

397.2. Despite sections 386, 386.1.1 and 386.2, where a person who is a hospital authority, a facility operator or an external supplier is required to determine, under paragraph 2 of section 386.2, for the person’s claim period, a particular amount that would be determined by the formula in section 386.1.1 if that section applied to the person, in respect of a specified supply of any property of the person made at any time for the claim period, and the value of C in subparagraph 3 of the second paragraph of that section was the extent to which the person intended, at that time, to consume, use or supply the property in the course of specified activities, the particular amount is to be determined by the formula

A × [(B − C) / B].

For the purposes of the formula in the first paragraph,

(1)  A is the amount that would, but for this section, be determined to be the particular amount;

(2)  B is the fair market value of the property at the time of the supply; and

(3)  C is the fair market value of the property on 1 January 2005.

2005, c. 38, s. 383; 2015, c. 21, s. 722.

2005-12-13

397.2. Despite sections 386 and 386.2, where a person who is a hospital authority, a facility operator or an external supplier is required to determine, for the person’s claim period, a particular amount that is determined, in respect of a specified supply of any of the person’s properties made at any time, by the formula in subparagraph 2 of the first paragraph of section 386.2 for the claim period and the value of C in subparagraph 3 of the second paragraph of section 386.2 is the extent to which the person intended, at that time, to consume, use or supply the property in the course of specified activities, the particular amount is to be determined by the formula

A × [(B − C) / B].

For the purposes of the formula in the first paragraph,

(1)  A is the amount that would, but for this section, be determined to be the particular amount;

(2)  B is the fair market value of the property at the time of the supply; and

(3)  C is the fair market value of the property on 1 January 2005.

2005, c. 38, s. 383.