FinPro Webinar – Windfall Gains TaxJuly 20, 2023
Windfall Gains Tax (WGT) is one of the most significant tax regime changes since the introduction of GAIC. WGT is however more challenging for councils than GAIC for a variety of reasons, including the fact that Council-owned land is not necessarily exempt from the tax.
During our one-hour webinar on 18 May 2023 @ 12.30pm Maddocks partner Chris Cantor, along with Maddocks lawyer Zak Gaddie, discussed key aspects of the new regime, including:
- How the new tax will operate;
- What is a rezoning that triggers the tax;
- How land will be valued when assessing the tax, including how to derive CIV1 and CIV2, deductions, objections and other valuation challenges; and
- How WGT risk can be managed by councils.
The presenters for this webinar were be Chris Cantor, Partner Maddocks and Zak Gaddie, Lawyer Maddocks.
A full copy of the recording is available here.