The Tax Practitioners Board (TPB) has issued Information Sheet TPB(I) 16/2012 (Do valuers need to register as tax agents?). 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, the Board generally considers that is not a tax agent service. The Board says valuers who wish to become registered as a tax agent (whether it be an individual, partnership, or company) will need to meet certain legislative requirements (eg a fit and proper person and having the appropriate qualifications and relevant experience).
[LTN 207, 25/10]