The 13.9% Gifted Asset Tax has been confirmed to commence for specified projects from Monday 5^th January 2015.

The Gifted Asset Tax was first introduced in April 2014 however was put on hold for further review and consultation with key industry bodies. (Click Here to Read Previous Post)

The Recovery Tax Cost will only apply to specific projects. Answers to FAQs and project exclusion list can be found at the following link:

http://www.westernpower.com.au/corporate-information-recovering-tax-cost-on-capital-contributions.html

(The latest Western Power Land Development Industry Updates can be found in the Bulletins Section – Click Here)