Western Australian Current Acts

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DUTIES ACT 2008 - SECT 205ZC

205ZC .         Reassessment

        (1)         If the Commissioner is required to reassess the liability to transfer duty of a foreign dutiable transaction that is not liable to foreign transfer duty because of section 205Y

            (a)         the Commissioner, on the application of a taxpayer, must reassess the liability to foreign transfer duty of the transaction; and

            (b)         the limitation as to time (if any) that applies in respect of the reassessment of transfer duty applies in respect of the reassessment of foreign transfer duty; and

            (c)         if the reassessment of transfer duty is under section 107 — the application for reassessment under this subsection must be made in the approved form.

        (2)         The Commissioner, on the application of a taxpayer, must reassess the liability to foreign transfer duty of a foreign dutiable transaction if the liability is affected by section 205Z, 205ZA or 205ZB.

        (3)         The limitations as to time in the Taxation Administration Act section 17 do not apply in respect of a reassessment because of section 205ZA or 205ZB.

        (4)         An application for reassessment under subsection (2) must be made in the approved form.

        [Section 205ZC inserted: No. 24 of 2018 s. 8.]

        [Heading inserted: No. 24 of 2018 s. 8.]

        [Heading inserted: No. 24 of 2018 s. 8.]



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