sec.80BNotice to be given by taxpayer—incorrect basis of liability

sec.80B Notice to be given by taxpayer—incorrect basis of liability

This section applies in relation to a taxpayer’s liability for land tax for a financial year if— either— the commissioner has given the taxpayer a basis of liability notice for the liability; or the commissioner has made an assessment of the taxpayer’s liability; and the taxpayer becomes aware that the basis of the taxpayer’s liability as stated in the basis of liability notice or as originally assessed was not, or is no longer, correct; and the taxpayer is not required under section 28 of the Administration Act to advise the commissioner about the incorrect basis of the taxpayer’s liability. The taxpayer must give the commissioner notice that the basis of the taxpayer’s liability was not, or is no longer, correct. Failure to give the notice is an offence under the Administration Act , section 120 . The taxpayer must comply with subsection (2) within 30 days after becoming aware that the basis of the taxpayer’s liability was not, or is no longer, correct. In this section— basis , of a taxpayer’s liability for land tax for a financial year, means— a description of the land owned by the taxpayer when the liability arises; or if the land or part of the land is exempt land—the exemption under part 6 that applies to the land or part of the land for the financial year; or another matter that affects the amount of the taxpayer’s liability. s 80B ins 2023 No. 18 s 17 (sec.80B-ssec.1) This section applies in relation to a taxpayer’s liability for land tax for a financial year if— either— the commissioner has given the taxpayer a basis of liability notice for the liability; or the commissioner has made an assessment of the taxpayer’s liability; and the taxpayer becomes aware that the basis of the taxpayer’s liability as stated in the basis of liability notice or as originally assessed was not, or is no longer, correct; and the taxpayer is not required under section 28 of the Administration Act to advise the commissioner about the incorrect basis of the taxpayer’s liability. (sec.80B-ssec.2) The taxpayer must give the commissioner notice that the basis of the taxpayer’s liability was not, or is no longer, correct. Failure to give the notice is an offence under the Administration Act , section 120 . (sec.80B-ssec.3) The taxpayer must comply with subsection (2) within 30 days after becoming aware that the basis of the taxpayer’s liability was not, or is no longer, correct. (sec.80B-ssec.4) In this section— basis , of a taxpayer’s liability for land tax for a financial year, means— a description of the land owned by the taxpayer when the liability arises; or if the land or part of the land is exempt land—the exemption under part 6 that applies to the land or part of the land for the financial year; or another matter that affects the amount of the taxpayer’s liability.

• (a) either— (i) the commissioner has given the taxpayer a basis of liability notice for the liability; or (ii) the commissioner has made an assessment of the taxpayer’s liability; and