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11| The IFP -H alton H ills | T hursday,July 19,2018 theifp.ca ASK THE PROFESSIONAL 33 Main Street South Acton, ON L7J 1X3 Tel: 519-853-1330 Fax: 519-853-4645 Email: Mark@mchlawyers.com Mark Hilliard Mackenzie Chapman Hilliard Barristers and Solicitors The advice offered in this column is intended for informational purposes only. Use of this column is not intended to replace or substitute any professional, financial, medical, legal, or other professional advice. We work for you. legal matters Q A REAL ESTATE LAW Do I pay HST on real estate purchases? The purchase of a single family residence is exempt from HST, unless you are purchasing a newly constructed home. In a re-sale transaction, your standard agreement of purchase and sale has a paragraph that says if HST is applicable, it is either "included in" or "In addition to" the purchase price. Usually the "included in" is selected. For a commercial property, HST is applicable. It is important as a seller that you select "in addition to" so that any applicable HST doesn't affect your sale proceeds. For property that is mixed residential and commercial, the HST is applicable on the commercial portion, and again it is important to select "in addition to". If you are selling vacant land, or farmland, then HST may or may not apply. HST can be complicated and it is important to understand whether it applies to your property before entering into an agreement. Business in the front CALL/TXT Amy Sykes for additional copies or for info on how to be listed in the 2019 issue of this directory: 647-544-7119 of the 2018 Halton Hills Chamber of Commerce Business & Community Directory. Look inside of today's newspaper for this unique and truly local guide to business & community. Published by the largest non-profit voluntary business organization in Halton Hills, Ontario. YOUR COPY IN TODA Y'S PA PER Serving Georgetown, Milton & Surrounding Halton Hills years in a row! 18 getown, Milton & Surrounding Halton Hills getown, Milton & Surrounding Halton Hills getown, Milton & Surrounding Halton Hills Freight up to 32,000 lbs • Dock level or ground • Enclosed Trailer Locally Owned & Operated since 1958! SINCE 1958 905-877-4471 • Georgetown round • Enclosed Trailer 46 Guelph St., Georgetownand all auto clubs.Provider for • Live Dispatch • Scrap Removal • Priority Response • Towing, Hauling Services ON THE MOVE Georgetown Independent and Free Press Editor Chris Vernon is on the move. Effective July 23, Vernon will be the editor of the Kitchener Post, Waterloo Chronicle and the New Hamburg Independent. Catherine O'Hara will assume the helm of the Georgetown newsroom. She can be reached at cohara@metroland.com. Veronica Appia/Metroland