Help filling out HST Rebate Application for Rental Property
I have a few questions regarding the HST Rebate Application - GST524E form. Hopefully someone here can help answer those questions.
1. Let's say Party A purchased a blueprint condo in 2011. Then in 2014 they transferred the title over to Party B. Since Party B is filling out this form now and the form asks for a 'purchase agreement date' Party B would put in 2014 right? B/C that's when the title was transferred over?
2. On Section D of the rebate calculation part it asks for the Fair Market Value (FMV) of the condo unit at the time tax became payable on the purchase. My understanding is that tax becomes payable on the possession date? How does one find the FMV of the unit?
3. To fill out the form you also need to know the condo registration date, aside from asking Building Management when this date was, I can't find any paperwork to help identify this date. How does one find such date?
I'm sure there will be more questions.
Thanks in advance!
1. Let's say Party A purchased a blueprint condo in 2011. Then in 2014 they transferred the title over to Party B. Since Party B is filling out this form now and the form asks for a 'purchase agreement date' Party B would put in 2014 right? B/C that's when the title was transferred over?
2. On Section D of the rebate calculation part it asks for the Fair Market Value (FMV) of the condo unit at the time tax became payable on the purchase. My understanding is that tax becomes payable on the possession date? How does one find the FMV of the unit?
3. To fill out the form you also need to know the condo registration date, aside from asking Building Management when this date was, I can't find any paperwork to help identify this date. How does one find such date?
I'm sure there will be more questions.
Thanks in advance!
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