80% windfall on property rezoning abolished

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[FONT=&quot]Windfall tax[/FONT][FONT=&quot][/FONT]
[FONT=&quot]Windfall tax provisions introduced in 2009 which apply an 80% rate of tax to certain profits or gains [/FONT] [FONT=&quot]from land disposals or land development, where[/FONT][FONT=&quot][/FONT]
[FONT=&quot]those profits or gains are attributable to a relevant planning decision by a planning authority, are being abolished from 1 January 2015.[/FONT]
 
Good news for farmers living near commuter towns.

What is the rationale for this change?
 
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