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Are rent payments that are based on annual turnover subject to GST?

April 26, 2017annual based GST PAYMENTS rent Subject turnover

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Are rent payments that are based on annual turnover subject to GST?

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GST will apply to rents that are calculated on a base rent plus a percentage of turnover. Parties to such leases should carefully consider the impact of GST on the amount of rent payable under the turnover-based portion of the rent.