SOR/91-20199012

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20196

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EXCISE TAX ACTSpecified Tangible Personal Property (GST/HST) RegulationsRegulations Prescribing the Threshold Amount Respecting Specified Tangible Personal PropertyP.C.1990-2729199012

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His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 277(1)* of the Excise Tax Act, is pleased hereby to make the annexed Regulations prescribing the threshold amount and percentage of the tax respecting specified tangible personal property.*S.C. 1990, c. 45, s. 12Short Title

1These Regulations may be cited as the Specified Tangible Personal Property (GST/HST) Regulations.SOR/99-172, s. 2

Prescribed Amount

2For the purposes of sections 183 and 184 of the Excise Tax Act, the prescribed amount in respect of specified tangible personal property is(a)where the property is a print, an etching, a drawing, a painting, a sculpture or other similar work of art, $2,000;(b)where the property is jewellery, $2,000;(c)where the property is a rare folio, a rare manuscript or a rare book, $2,000;(d)where the property is a stamp, the face value of the stamp; and(e)where the property is a coin, zero.SOR/94-368, s. 4; SOR/99-172, s. 3

3[Repealed, SOR/99-172, s. 4]

RELATED PROVISIONS — SOR/99-172, s. 5

5(1)Sections 1, 3 and 4 apply after April 23, 1996.(2)Section 2 is deemed to have come into force on April 1, 1997.