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Tax incentives for investment in Australian innovation companies

The government intends to pass a law to provide tax incentives for investment in some Australian innovation companies.

It is proposed that investors in qualifying innovation companies will be entitled to:

The government intends to pass a law to provide tax incentives for investment in some Australian innovation companies.

- a non-refundable tax offset equal to 20% of the amount of the investment, capped at $200,000 per income year, and

- a 10-year capital gains tax exemption on the investment.

The incentives are intended to be available as soon as the law is passed (but no earlier than 1 July 2016).

For further information please contact your RCB Advisors team member.

Sources:

Australian Government Federal Register of Legislation (https://www.legislation.gov.au/Details/C2016A00054)



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