2017

Taxation of Startups: Recent Developments

Source: Victoria

Published Date: 29 Jun 2017

 
Australian startups remain in the spotlight with the Government continuing to pass favourable tax and regulatory reforms in this space. Prime Minister Turnbull's "innovation agenda" continues to roll on. If you aren't already across the startup tax reforms for employee share schemes and tax incentives for investments in early stage innovation companies, now is the time to catch up.

This event covered:

  • an update on the new tax incentives for investments in early stage innovation companies, including recent ATO consultations on some tricky technical issues and the legislative reform to fix the CGT event E4 problem
  • an update on the employee share scheme tax rules for startup companies
  • an overview of the proposed new measures before Parliament to implement a 'similar business test' to access losses and allow self-assessment of the effective life of certain intangible depreciating assets
  • a general overview of equity based 'crowdfunding', which was recently given a boost by corporate regulatory reforms that will facilitate new activity in this space.

Taxation of startups - Recent development

Author(s): Anfeng He FTI , Shaun Cartoon FTI

Details

  • Published On:29 Jun 2017
  • Took place at:Leonda By The Yarra, Hawthorn

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research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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