23 Oct 12 Do valuers need to register as tax agents? - TPB(I) 16/2012
The Tax Practitioners Board (TPB) has issued Information sheet TPB(I) 16/2012 entitled "Do valuers need to register as tax agents?"
The Information Sheet (TPB(I)) has been prepared by the TPB to assist entities that provide valuation services (valuers) to understand the operation of the tax agent services regime and whether or not they need to register with the TPB.
Generally, the TPB considers that where the service provided by a valuer consists only of providing a valuation of certain assets or other things, and the valuer is not applying or interpreting the taxation laws to determine a client’s tax position, that is not a tax agent service.
In contrast, if a valuer, in addition to the valuation service itself, provides services that involve applying or interpreting taxation laws, the valuer will be required to register as a tax agent to provide those services.