Victorian Numbered Acts

WINDFALL GAINS TAX AND STATE TAXATION AND OTHER ACTS FURTHER AMENDMENT ACT 2021 (NO. 52 OF 2021) - SECT 11

The value uplift of land is determined in accordance with the formula—

where—

        CIV1     has the meaning given in—

        (a)     section 12(a) for rateable land and non‑rateable leviable land; and

        (b)     section 13(1)(a) for non-rateable non‑leviable land;

        CIV2     has the meaning given in—

        (a)     section 12(b) for rateable land and non‑rateable leviable land; and

        (b)     section 13(1)(b) for non-rateable non‑leviable land;

    VU     is the value uplift of the land.