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Recorded Webinars

Recorded Webinar: Developers Beware: Navigating the New Windfall Gains Tax (Vic)

After much anticipation, the new 50% "windfall gains tax" for rezoned land is upon us. How will these changes impact property developers and how can you best advise clients in this new, unchartered territory? This practical session examines the key issues, including:
PRESENTED BY George Kolliou Director - AG Tax Lawyers , Melbourne

Date/Time

About the Webinar

After much anticipation, the new 50% "windfall gains tax" for rezoned land is upon us. How will these changes impact property developers and how can you best advise clients in this new, unchartered territory? This practical session examines the key issues, including:

  • Unpacking the new Windfall Gains Tax and State Taxation and Other Acts Further Amendment Bill 2021
  • Does the windfall gains tax apply to unrealised gains?
  • How to fund the payment of the tax
  • What land will the WGT apply to?
  • What is the trigger for the new tax? What is a rezone event?
  • Calculation of windfall and tax rate
  • Who is liable?
  • When is the new tax payable and is there is a deferred payment regime?
  • Examining the new grouping provisions
  • Practical case studies and checklists

Presented By

George Kolliou
Director, AG Tax Lawyers Melbourne, Vic.

George Kolliou, Director AG Tax (formerly principal of Kolliou Tax Lawyers), has worked in the taxation field for over 40 years, firstly as an accountant and then as a lawyer. George's special area of interest is the intersection of taxation and trust law particularly in the SME context.

George regularly presents at tax conferences on SME taxation issues and writes for various professional journals. He has also co-authored the Australian Trusts Tax Handbook published by Thomson Reuters.

Who Should Attend?

This webinar is suitable for Victorian accountants and lawyers advising in taxation matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/point – substantive law . 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: [email protected]

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