Tax Concessions Introduced for Investments in Startups

Just before the Government announced the date of the 2016 Federal Election, new provisions relating to tax concessions for investing in start-ups were legislated and will apply from 1 July 2016.

The provisions were originally introduced as part of the roll-out of the Government’s National Innovation and Science Agenda and will provide taxpayers with additional incentive to invest in certain start-up companies (referred to as Early Stage Innovation Company’s (ESIC) in the legislation) by providing the taxpayer with a tax offset for their investment and Capital Gains Tax (CGT) exemption when the shares are sold.

Click here to read the article in full.

If you have any further questions regarding the new rules, please contact our tax partner, Tim Olynyk, on (03) 9810 0700 or at

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