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Live Webinars
The Windfall Gains Tax (WGT) may apply to large amounts of under-utilized land in need of development. Does this mean a serious dampener on development? This session looks at the key issues, including: Types of land affected by the tax – is it Victoria wide and who is liable?

Date/Time

Monday 13th November 2023
Vic: 11am to 12pm

About the Webinar

The Windfall Gains Tax (WGT) may apply to large amounts of under-utilized land in need of development. Does this mean a serious dampener on development? This session looks at the key issues, including:

  • Types of land affected by the tax – is it Victoria wide and who is liable?
  • The rezone event trigger – how does this work?
  • The calculation of the windfall and the tax rate and when payable
  • What is the trigger for payment and is there a deferred payment regime?
  • What exemptions will apply and in what circumstances?
  • What about land under option – how will this be affected?
  • What is the position for land under a development agreement?
  • What transitional rules apply for land already under contract
  • Case studies – some examples of how the tax applies

Presented By

Simon Tisher
Barrister, Victorian Bar Melbourne, Vic

Simon Tisher has been a barrister at the Victorian Bar since May 2003. He is well known and respected as a barrister and within the tax profession.

Most of Simon’s experience at the Bar pertains to tax matters (state and federal) and matters related to taxation: superannuation, insolvency, bankruptcy and professional indemnity claims (commonly involving tax advice). He also has sound experience in commercial litigation matters.

Simon was included in the category of “Leading Tax Barristers - Victoria” in Doyles Guide in 2017, 2018 and 2019 and in Best Lawyers (Tax Law, 2021 edition). He acts for taxpayers and for the Australian Taxation Office, led and unled, in disputes ranging from small individual matters to large corporate tax disputes. Simon also has a busy advisory practice.

Simon has published several articles in the Law Institute Journal and Taxation in Australia, and is the author of the tax chapter of de Groot’s Wills, Probate and Administration Practice (Victoria). He is heavily involved with the Tax Institute and is chair of its State Taxes Committee. He is a frequent presenter to organisations such as Television Education Network, the Tax Institute and Legalwise Seminars

Who Should Attend?

This webinar is suitable for accountants advising on land tax in Victoria. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Certificate

Registered live webinar delegates will receive a CPD certificate for attendance at this webinar. Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au

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