New Victorian tax – 50% ‘windfall gains tax’ on rezoning – up to 100% deferrable for up to 30 years – secured as a first charge on land
Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021 Victoria Legislation 12/10/2021 On Tues 12.10.21, the Victorian Treasurer issued a media release summarising the Bill he was about to introduce to enact the proposed windfall gains tax. It also summarised the Bill. It will (broadly) be a 50% flat tax on…