T-0.1 - Act respecting the Québec sales tax

Section 97.2 Disposition versions

1994-06-17

97.2. A supply by way of sale of land that forms part of a residential complex or an interest in such land is exempt where

(1)  immediately before the earlier of the time ownership thereof is transferred to the recipient of the supply and the time possession thereof is transferred to the recipient of the supply under the agreement for the supply, the land is subject to a lease, licence or similar arrangement by which a supply that is an exempt supply described by subparagraph 1 of the first paragraph of section 100 was made; and

(2)  if a supply by way of sale were made of the residential complex immediately before that earlier time, the supply would be an exempt supply described in any of sections 94 to 97.

1994, c. 22, s. 412.