7
In forceGeneral power to make assessment
Part 3Assessment of tax liability
7 General power to make assessment
(1)
The commissioner may make an assessment of the tax liability of a taxpayer.
(2)
An assessment of a tax liability may—
(a)
consist of a determination that there is not a particular tax liability; or
(b)
include an assessment of the value of anything for the purpose of assessing tax liability.
(3)
The commissioner has the same powers of assessment in relation to a trustee of a deceased person as the commissioner would have in relation to the person if the person were alive.
This Act’s bill:Explanatory statementSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.