The ATO is reminding investors who purchased new shares in a qualifying 'early stage innovation company' ('ESIC') that they may be eligible for tax incentives.
These tax incentives provide eligible investors who purchase new shares in an ESIC with:
The maximum tax offset cap of $200,000 does not limit the shares that qualify for the modified CGT treatment.
Note: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.