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What is meant by "reduced assessment" and "additional assessment" in my ITA34?

Posted 21 November 2014

Hi TaxTim.

What is meant by "REDUCED ASSESSMENT" and "ADDITIONAL ASSESSMENT" in my IT34?

Thanks in advance.

TaxTim TaxTim says:
21 November 2014 at 15:06

The reduced assessment means the amount of tax owing is less and the additional means more tax has been added.

However you need to read all the assessments together and on the final one have a look at the second paragrapgh to see the actual balance.

Lisa says:
21 November 2014 at 15:36

Thanks for clearing this up for me Tim.

Much appreciated.

TaxTim TaxTim says:
21 November 2014 at 15:52

Only a pleasure!

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