While Windfall Gains Tax has been in operation in Victoria for over a year now, there have been some recent, important amendments to the law surrounding the tax. These amendments will impact how transactions of land subject to the tax will occur. How should councils successfully manage these amendments to protect their interests and secure the best possible outcomes?

Windfall Gains Tax webinar

Partner Chris Cantor and Associate Zak Gaddie explained the fundamentals of Windfall Gains Tax in a webinar held in August 2024; breaking down its recent amendments and their implications for councils, and sharing key considerations for rezoning and transacting Council-owned land.

Watch our webinar to understand:

• What Windfall Gains Tax is and how it applies to council-owned land (including discussion of examples)
• The financial implications of Windfall Gains Tax and how to minimise its financial impact on councils, including:
  • Planning implications and rezoning
  • Value uplift and objections
  • Tax elements and related risk