154Assessments

154 Assessments (1) The provisions of this Act relevant to the assessment of a tax liability apply whether the liability was incurred before, on or after the date of transition. (2) A tax liability assessed under the old law is subject to reassessment under this Act as if this Act had been in force when the assessment had been made and it had then been made under this Act. (3) However, a liability to stamp duty assessed under the old law before 1 January 2005 cannot be reassessed.