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GST Applicable on the Sale of Short Term Rentals

Blog by | July 12th, 2017

FYI - if you are selling a property that has been used for nightly rentals GST may be applicable on the sale of the property due to the commercial nature of short term rentals (even on a percentage use basis if you are renting only a room or two instead of your whole house). If the owner's short term rental income exceeds $30,000 they are required to become a GST registrant. If the Seller has claimed input tax credits than CRA will require GST be charged and remitted on the sale of the property.

Alexandra Axsen
Lake Okanagan Realty Ltd.
Owner/Managing Broker
Tel: (250) 870-2792
Email: Alex@LakeOkanaganRealty.com