New information on windfall gains tax

Published on 15 June 2023

From 1 July 2023, windfall gains tax applies to land that is rezoned resulting in a taxable value uplift to the land of more than $100,000. 

We have updated our website with new information about windfall gains tax, including:

• more detail on the residential land exemption, as well as case studies showing how this exemption may apply to land on multiple titles and primary production land
• more information on deferring payment of windfall gains tax.