Legislation Updates · Koste Knowledge Base
What is the Victorian Windfall Gains Tax and Who is Affected?
Quick Answer
The Victorian Windfall Gains Tax (WGT) applies to landowners who experience a significant increase in land value due to rezoning decisions. Effective 1 July 2023, the tax is levied on gains above $100,000 at rates up to 50%. Developers and investors should assess how zoning changes impact their properties and tax obligations.
Victorian Windfall Gains Taxproperty investmentrezoningtax implicationsproperty development
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