9
In forceWhat is the rate of windfall gains tax?
Part 3Assessment of windfall gains tax
Division 1Rate of windfall gains tax
9 What is the rate of windfall gains tax?
The rate of windfall gains tax is set out in the following table.
Item | Taxable value uplift | Rate of windfall gains tax |
1 | Not more than $100 000 | Nil |
2 | More than $100 000 but less than $500 000 | 62⋅5% of that part of the taxable value uplift that exceeds $100 000 |
3 | $500 000 or more | 50% of the taxable value uplift |
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