Apply to defer windfall gains tax

Background information

You can apply to defer all or part of a windfall gains tax liability. 

The maximum deferral period is 30 years. Certain ownership changes can end deferral earlier.

Interest accrues daily on the deferred amount. The rate of interest is the relevant 10-year Treasury Corporation of Victoria bond rate.

You must pay undeferred amounts by the assessment due date.

When deferral ends, you must pay the liability and interest within 30 days.

Step 1: Prepare your information

In the form, you need to tell us:

• your contact details, including phone number and email address
• whether you are the land owner or the owner’s representative
• your windfall gains tax assessment details, including customer number, assessment number and assessment issue date.

If deferring only part of the liability, you will need to specify:

• what percentage of the liability you are deferring, or
• the properties you are deferring the liability on.

Refer to the form for specific instructions.

Step 2: Complete your application

You must complete the form online.

You can select ‘Save and Close’ to save your form to complete later.

We use the information you give us to update our records and may share it with other government agencies, if we are authorised to do so.

If you need help, please call us on 13 21 61.

Step 3: Download and save the receipt

After you submit your application, you will be directed to a receipt page.

Note your receipt number and quote this number if you contact us about your application. Please save a copy of the receipt for your records.

Next steps

We will email you once we have processed your application.