17AValuation of property

#### 17A Valuation of property 17A Valuation of property > > (1) The Chief Commissioner may, for the purpose of making an assessment of the tax liability of a taxpayer— > > > > > (a) require the taxpayer, by written notice, to provide evidence of the value of property that the Chief Commissioner considers appropriate, or > > > > > (b) obtain a valuation of property from a person the Chief Commissioner is satisfied is suitably qualified to provide evidence of the value of property, or > > > > > (c) rely on a valuation of property prepared for any purpose by a person the Chief Commissioner is satisfied is suitably qualified to provide evidence of the value of property. > > > (2) The Chief Commissioner may recover from the taxpayer the cost of obtaining a valuation of property under subsection (1)(b) if— > > > > > (a) the value of the property in the valuation obtained by the Chief Commissioner differs from the value of the property provided by the taxpayer by at least 10%, or > > > > > (b) the taxpayer fails to comply with a written notice given to the taxpayer under subsection (1)(a) within 60 days after the notice is issued. > > **s 17A:** Ins 2023 No 18, Sch 9\[5\].