18/08/2022
Will the Windfall Gains Tax apply to my land?
For Precinct Structure Plans (PSP) in the outer Melbourne growth corridors, the new windfall gains tax will not apply to rezoning land to or from the Urban Growth Zone (UGZ) within existing Growth and Infrastructure Contribution areas which are subject to Growth Areas Infrastructure Contribution (GAIC).
For more information, refer to the State Revenue Office – Windfall Gains Tax.