Impact for landowners, purchasers, and developers.
The Bill containing the new Windfall Gains Tax and the Build-To-Rent land tax concessions was passed without amendment by the Victorian Parliament, and has now received Royal Assent.
The Windfall Gains Tax will therefore be commencing on 1 July 2023. But what does that mean for you?
Pitcher Partners Melbourne Executive Director Craig Whatman and Tax Advisory Client Director Irina Tan will cover:
- The mechanics of the new tax and how it will work
- Watch-outs for landowners, developers and purchasers
- Planning for the new tax in the lead-up to its commencement date