Encouraging innovation? Assessing Subdivision 360-A's tax incentives
Source: Australian Tax Forum Journal Article
Published Date: 1 Jul 2019
Data from tax returns lodged in 2016-17, the first year in which Subdiv 360-A's tax incentives for investments in early stage innovation companies were available, shows that approximately $300m was invested in some 340 early stage innovation companies by a total of around 3400 angel investors'. The data does not however indicate how much of that was invested because of the tax incentives and how much would, in all probability, have been invested anyway. The incentives, a non-refundable carry-forward tax offset of 20% of the value of the investment (up to a maximum tax offset cap of $200,000) nd a modified CGT treatment' (which disregards any capital gains realised when the shares are disposed of " provided they have been held for between one and ten years), are, on their face, generous.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Already a Subscriber? Login now
Details
- Published By: Stephen Graw
- Published On:1 Jul 2019
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced 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.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page