New tax incentives designed to make investing in Australian start-ups more attractive started on 1 July 2016.
These incentives are intended to benefit innovative companies, investors and venture capital funds.
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.
More information can be found on the Australian Tax Office website.