QLDIn ForceAct
Taxation Administration Act 2001
sec.21Time for reassessment decreasing liability for tax
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sec.21 Time for reassessment decreasing liability for tax
A reassessment decreasing a taxpayer’s liability for tax must be made in the limitation period. However, if, within the limitation period, the taxpayer asks for a reassessment to decrease the taxpayer’s liability, the reassessment may be made after the limitation period. (sec.21-ssec.1) A reassessment decreasing a taxpayer’s liability for tax must be made in the limitation period. (sec.21-ssec.2) However, if, within the limitation period, the taxpayer asks for a reassessment to decrease the taxpayer’s liability, the reassessment may be made after the limitation period.