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Taxation of Startups: Recent Developments

Published on 29 Jun 2017 | Took place at Leonda By The Yarra, Hawthorn, VIC

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.

Individual sessions

Taxation of startups – Recent development

Author(s):  Shaun CARTOON,  Anfeng He

This paper covers:

  • the TIFESI regime
  • introduction to crowd-funding
  • tax losses: proposed 'similar business test'
  • self-assessment of intangible asset depreciation.
Materials from this session: