By: business.gov.au
Find out about tax breaks to make investing in a start-up more attractive…
Do you want to invest in a start-up? Or maybe you have an innovative idea that you need funding for?
Two new tax incentives designed to make investing in Australian start-ups more attractive started on 1 July 2016.
Who will benefit?
The tax incentives will benefit:
- innovative companies
- investors
- venture capital funds.
What are the tax incentives?
Incentive one
Tax breaks will be given to investors who support innovative startups, including:
- A 20% non-refundable tax offset on investment capped at $200,000 per investor, per year.
- A 10 year capital gains tax exemption for investments held for three years.
Incentive two
New arrangements for Venture Capital Limited Partnerships will:
- improve access to capital
- make investing in venture capital more user-friendly
- make investing internationally competitive.
Find out more…
- Check out the Australian Taxation Office’s website – Tax incentive for early stage (angel) investors.
Source: business.gov.au
