Windfall Gains Tax and other general state taxes update
Source: Victoria
Published Date: 3 May 2023
The controversial Windfall Gains Tax is finally here and commenced on 1 July 2023. This session covered the implications of the WGT for owners and developers, their first-hand experience with transactions that are being impacted and valuation issues that will play an important role moving forward. Key takeaways included:
- How the WGT works and what it will apply to
- Deferral provisions and their impact on future transactions
- Exemptions, concessions and transitional rules
- The importance of the valuation process and valuation objections
- Watch-outs and planning tips for landowners, purchasers and developers in the lead-up to 1 July 2023; and
- Impact on the market and property development transactions.
Individual Session
Details
- Published By: William Zhang
- Published On:3 May 2023
- Took place at:Grand Hyatt Melbourne
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