The election provides for no GST (or HST in the HST provinces) to be payable in respect of the purchase and sale of the assets and reduces the cash. The most useful item to aid in completing the form is an accurate and up to date asset listing.A somewhat basic level high level presentation on the nuts and bolts of asset purchase sale transactions. Electronic filing of the Business Property Statement uses a web-based application that will allow users to view, modify, and submit BPS filings on-line.