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

143 Section 60 amended (Agents and auctioneers)

After section 60(1), insert:


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


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.