hardcoredummy
Dec 10th, 2006, 03:01 PM
Ok, here's the situation. We own a building, with the bottom being a store, and the upper stories living apartments that we actually live in. We had a kitchen fire, so insurance will be taking care of that. But they said since we're GST registered with the store, we need to pay GST for the repairs as well.
The repairs is for the building, NOT the store. The store was not affected except for some water damage. But 95% of all that they're doing, is in the apartment. Now, should i need to pay the GST on that? To be fair, i haven't spoken with them on this yet... i simply agreed to it because we are GST registered with the store. I just realized yesterday that perhaps we shouldn't even be footing the GST. I'm going to give them a call tomorrow and get some clarification on this, but i was wondering if anybody can give some advice.
The repairs is for the building, NOT the store. The store was not affected except for some water damage. But 95% of all that they're doing, is in the apartment. Now, should i need to pay the GST on that? To be fair, i haven't spoken with them on this yet... i simply agreed to it because we are GST registered with the store. I just realized yesterday that perhaps we shouldn't even be footing the GST. I'm going to give them a call tomorrow and get some clarification on this, but i was wondering if anybody can give some advice.