7
In forceWhen does liability for windfall gains tax arise?
Part 2Imposition of windfall gains tax
7 When does liability for windfall gains tax arise?
(1)
Liability for windfall gains tax arises when the WGT event occurs.
(2)
For the purposes of this Act, a WGT event occurs when the rezoning that constitutes the WGT event takes effect under the Planning and Environment Act 1987.
Notes
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.