T-0.1 - Act respecting the Québec sales tax

Section 379.1 Disposition versions

2007-11-07

379.1. If the taxable supply referred to in section 379 is made at a particular time by a public sector body to a person with whom the public sector body is not dealing at arm’s length, the rebate under that section must not exceed the lesser of

(1)  the basic tax content of the immovable at that time; and

(2)  the amount determined by the formula

A / B × C.

For the purposes of the formula,

(1)  A is the basic tax content of the immovable at that time;

(2)  B is the amount that would be the basic tax content of the immovable at that time if that amount were determined without reference to the total of the amounts used for B in paragraph 2 of the definition of “basic tax content” in section 1; and

(3)  C is the tax that is or would be, but for sections 75.1 and 80, payable in respect of the taxable supply.

2007, c. 12, s. 337.