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Windfall gains tax reminder
Record ID:
98402
Format:
LIJ Article
Year:
2023
Author:
Brezzi, Tamara ; Sutton, Nick ; Algie, Hubert ;
Source:
LIJ (2023) 97 No 6
Date_of_entry:
29/05/2023
Legislation:
Windfall Gains Tax and State Taxation and Other Acts Further Amendment Act 2021 (VIC)
Planning and Environment Act 1987 (Vic)
Notes:
From 1 July 2023, land that is subject to rezoning resulting in a value uplift to the land of more than $100,000 will be subject to the new WGT, with some exemptions.
Section:
Practice
Property
Month:
June


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