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Windfall gains tax

Tax may apply when land value rises due to rezoning.

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Understanding windfall gains tax

Applies when land value increases due to rezoning.

Exemptions and exclusions

Learn what land is exempt and which rezonings are excluded.

Update or make a change to your windfall gains tax assessment

Options to amend or formally object to your assessment.

Defer or pay windfall gains tax

Consider your options to manage windfall gains tax liability.

Buying and selling land subject to windfall gains tax

A tax liability can affect how land is sold or transferred.

Object to the site or capital improved valuation of your land

Dispute the land value used in your tax assessment.

What is windfall gains tax?

Windfall gains tax is paid when land value increases above $100,000 due to government rezoning. It can be deferred with interest to the next dutiable transaction or for 30 years, whichever occurs first.

Understanding windfall gains tax

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Value capture for Suburban Rail Loop

Today the Victorian Government announced that value capture will be applied to help fund the Suburban Rail Loop.

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State Revenue Office 2024–25 Annual Review is now available

The State Revenue Office 2024–25 Annual Review is now available.

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Windfall gains tax

Join us to learn about windfall gains tax, which may apply to land that has increased in value due to a rezoning.

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Legislation and regulations