1a. Assessment

Assessment on a person in a case involving loss of tax brought about with no careless or deliberate behaviour.

Time Limit

4 years after the effective date of the transaction.

Legislation

FA03/SCH10/PARA31(1) as amended by FA09/SCH51/PARA15(5).

1b. Assessment

Assessment of an amount due from a person in a case involving a loss of tax brought about carelessly by the purchaser or by another person acting on the purchaser's behalf, or a person who was a partner of the purchaser at the relevant time.

Time Limit

6 years after the effective date of the transaction.

Legislation

FA03/SCH10/PARA31(2) as amended by FA09/SCH51/PARA15(6)

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