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T-0.1 - Act respecting the Québec sales tax

Section 243
Disposition versions

Full text
243. Where a registrant last acquired or brought into Québec movable property for use as capital property primarily in commercial activities of the registrant and the registrant begins, at any time, to use the property primarily for other purposes, the following rules apply:
(1)  the registrant is deemed, immediately before that time, to have made a supply of the property by way of sale and to have collected, at that time, tax in respect of the supply equal to the basic tax content of the property at that time; and
(2)  the registrant is deemed to have received, at that time, a supply of the property by way of sale and to have paid, at that time, tax in respect of the supply equal to the basic tax content of the property at that time.
Despite the first paragraph, where a registrant last acquired or brought into Québec movable property for use as capital property primarily in commercial activities of the registrant and the registrant begins, on 1 January 2013, to use the property primarily for other purposes because of Division VI.1 of Chapter III, the following rules apply:
(1)  the registrant is deemed to have made, immediately before 1 January 2013, a supply of the property by way of sale for no consideration; and
(2)  the registrant is deemed to have received, on 1 January 2013, a supply of the property by way of sale for use otherwise than as capital property or as an improvement to capital property of the registrant.
1991, c. 67, s. 243; 1993, c. 19, s. 195; 1994, c. 22, s. 496; 1995, c. 63, s. 368; 1997, c. 85, s. 562; 2012, c. 28, s. 74.
243. Where a registrant last acquired or brought into Québec property for use as capital property primarily in commercial activities of the registrant and the registrant begins, at any time, to use the property primarily for other purposes, the following rules apply:
(1)  the registrant is deemed, immediately before that time, to have made a supply of the property by way of sale and to have collected, at that time, tax in respect of the supply equal to the basic tax content of the property at that time; and
(2)  the registrant is deemed to have received, at that time, a supply of the property by way of sale and to have paid, at that time, tax in respect of the supply equal to the basic tax content of the property at that time.
1991, c. 67, s. 243; 1993, c. 19, s. 195; 1994, c. 22, s. 496; 1995, c. 63, s. 368; 1997, c. 85, s. 562.
243. Where a registrant last acquired or brought into Québec property for use as capital property primarily in commercial activities of the registrant and the registrant begins, at any time, to use the property primarily for other purposes, the following rules apply:
(1)  the registrant is deemed, immediately before that time, to have made a supply of the property by way of sale and to have collected, at that time, tax in respect of the supply calculated on the fair market value of the property at that time; and
(2)  the registrant is deemed to have received, at that time, a supply of the property by way of sale and to have paid, at that time, tax in respect of the supply calculated on the fair market value of the property at that time.
1991, c. 67, s. 243; 1993, c. 19, s. 195; 1994, c. 22, s. 496; 1995, c. 63, s. 368.
243. Where a registrant last acquired or brought into Québec property for use as capital property primarily in commercial activities of the registrant and the registrant begins, at any time, to use the property primarily for other purposes, the following rules apply:
(1)  the registrant is deemed, immediately before that time, to have made a supply of the property by way of sale and to have collected, at that time, tax in respect of the supply calculated on the fair market value of the property at that time; and
(2)  the registrant is deemed to have received, at that time, a supply of the property by way of sale and to have paid, at that time, tax in respect of the supply calculated on the fair market value of the property at that time.
This section does not apply where section 243.1 applies.
1991, c. 67, s. 243; 1993, c. 19, s. 195; 1994, c. 22, s. 496.
243. Where a registrant acquired or brought into Québec movable property for use as capital property primarily in commercial activities of the registrant and the registrant, at any time, begins to use the property otherwise than primarily in commercial activities of the registrant, the following rules apply:
(1)  the registrant is deemed to have made a supply by way of sale of that property for consideration equal to the fair market value of the property at that time; and
(2)  the registrant is deemed to have collected at that time tax in respect of the supply, calculated on that consideration.
This section does not apply where section 243.1 applies.
1991, c. 67, s. 243; 1993, c. 19, s. 195.
243. Where a registrant acquired or brought into Québec movable property for use as capital property primarily in commercial activities of the registrant and the registrant, at any time, begins to use the property otherwise than primarily in commercial activities of the registrant, the following rules apply:
(1)  the registrant is deemed to have made a supply by way of sale of that property for consideration equal to the fair market value of the property at that time; and
(2)  the registrant is deemed to have collected at that time tax in respect of the supply, calculated on that consideration.
1991, c. 67, s. 243.
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