Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

T-0.1 - Act respecting the Québec sales tax

Section 323.1
Disposition versions

Full text
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 9.975/109.975; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542; 1995, c. 63, s. 406; 1997, c. 85, s. 604; 2010, c. 5, s. 222; 2011, c. 6, s. 259; 2012, c. 28, s. 102.
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 9.5/109.5; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542; 1995, c. 63, s. 406; 1997, c. 85, s. 604; 2010, c. 5, s. 222; 2011, c. 6, s. 259.
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 8.5/108.5; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542; 1995, c. 63, s. 406; 1997, c. 85, s. 604; 2010, c. 5, s. 222.
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 7.5/107.5; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542; 1995, c. 63, s. 406; 1997, c. 85, s. 604.
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the tax fraction of the fair market value of the property at that time; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542; 1995, c. 63, s. 406.
323.1. Where a creditor who has seized or repossessed an immovable in circumstances in which section 320 applies or would, but for section 324.6, apply, begins at any time to use the immovable otherwise than in the making of a supply of the property, the creditor is deemed to have made a supply of the property at that time and, except where the supply is an exempt or a non-taxable supply, the following rules apply:
(1)  the creditor is deemed to have collected, at that time, tax in respect of the supply equal to the tax fraction of the fair market value of the property at that time; and
(2)  the creditor is deemed to have acquired the property and paid that tax at that time.
1994, c. 22, s. 542.
© Gouvernement du Québec