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Recorded Webinars

Recorded Webinar: For the Love of Money: What Property Lawyers Need to Know About the Windfall Gains Tax (Vic)

From 1 July 2023, a new windfall gains tax applies to land that is subject to a government rezoning resulting in a value uplift to the land of more than $100,000. It is anticipated to have an impact on a significant number of settlements but what exactly is required and what do pr
PRESENTED BY Megan Bishop Partner - Holding Redlich , Melbourne

Date/Time

About the Webinar

From 1 July 2023, a new windfall gains tax applies to land that is subject to a government rezoning resulting in a value uplift to the land of more than $100,000. It is anticipated to have an impact on a significant number of settlements but what exactly is required and what do property lawyers need to be alive to? This session will provide an overview of the new windfall gains tax (WGT) and walk through related issues including:

  • How the value of the land will be assessed to determine the taxable value uplift (and the applicable tax rates)
  • Rezonings which are excluded from the WGT
  • Waivers and available exemptions
  • Details for payment of WGT – who, when and how
  • The impact WGT may have on CGT and stamp duty
  • Steps lawyers can take to address concerns about how WGT may work in practice

Presented By

Megan Bishop
Partner, Holding Redlich Melbourne, Vic

Megan is a taxation partner in the Dispute Resolution and Litigation team. She has more than 12 years’ experience in State and Federal tax dispute resolution. Megan is recognised for her technical expertise and focus on finding solutions that are in line with client objectives.

She has assisted private and public companies, not-for-profit entities, individuals, trusts, partnerships and superannuation funds to navigate and manage State, Federal and inter-jurisdictional tax issues, including:

  • ruling requests and voluntary disclosures
  • ATO and other Regulator powers in relation to access to premises and documents
  • ATO risk reviews, audits and justified trust reviews and AusIndustry examinations
  • ATO objections and AusIndustry internal reviews
  • alternative dispute resolution
  • tax litigation
  • legal professional privilege disputes.

In addition to being a lawyer, Megan is also a trained mediator.

Who Should Attend?

This webinar is suitable for lawyers practising in property law in Victoria. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim 1 CPD unit/point – substantive law. 

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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