Ontario Real Estate Licensing Exam Practice · Question
What is the HST status of bare land that is sold and is not intended for residential construction, and not sold by an HST registrant?
The sale of bare land by an individual that is not used in a business and not subdivided for residential purposes is typically exempt from HST. This exemption o
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Question: What is the HST status of bare land that is sold and is not intended for residential construction, and not sold by an HST registrant?
Answer options:
- It is always subject to HST. ✅ It is generally exempt from HST.
- HST is applied to 50% of the purchase price.
- HST is applicable only if it's agricultural land.
Correct answer: It is generally exempt from HST.
Explanation: The sale of bare land by an individual that is not used in a business and not subdivided for residential purposes is typically exempt from HST. This exemption often applies to vacant lots not sold by an HST registrant.
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