GST (Goods and Services Tax) is not applicable to residential properties used for personal purposes.
However, GST may apply to residential properties that are used for commercial purposes, such as rental properties.
If you are purchasing a new residential property, GST may be included in the purchase price.
Input tax credit may be available for GST paid on the purchase or construction of a residential property used for commercial purposes.
It is important to consult with a tax professional to understand the GST implications of owning a residential property.