Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013

  • This version was replaced on 20 July 2018 to make corrections to sections 30, 33(1), 39, 41(2), 49, 65(2), and 131(1) under section 25(1)(k) of the Legislation Act 2012.
143 Section 60 amended (Agents and auctioneers)

After section 60(1), insert:

(1B)

Despite subsection (1), when a principal and their agent agree in writing, either in relation to a particular supply or for a type of supply, that this subsection applies to a supply of goods or services, the supply is treated for the purposes of the Act as 2 separate supplies, being—

(a)

a supply of goods and services from the principal to the agent; and

(b)

a supply of those goods and services from the agent to the recipient, treating the agent as if they were the principal for the purpose of the supply.