Key points for the Musharaka model include:
- Land Transfer Tax: Transferring an existing mortgage to Manzil triggers a land transfer tax event[cite: 312]. [cite_start]Also, if share purchases in a single fiscal year exceed 5% of the property’s value, it may trigger another LTT event [cite: 313][cite_start].
- HST Rebates: Due to the partnership structure, you may not be eligible for HST rebates on new property purchases [cite: 314][cite_start].
We always recommend consulting a tax specialist[cite: 310].
