New innovation incentives for investors
From 1 July 2016, new tax incentives are available to encourage investment in early stage venture capital limited partnerships.
If you're a limited partner of an Early Stage Venture Capital Limited Partnership which was unconditionally registered from 7 December 2015, you may receive a 10% non-refundable carry-forward tax offset.
The maximum fund size for new and existing Early Stage Venture Capital Limited Partnerships will increase to $200 million.
The changes will simplify existing arrangements to the regimes for Early Stage Venture Capital Limited Partnerships and Venture Capital Limited Partnerships, enabling a wider range of investment activities.
New tax incentives and concessions are available from 1 July 2016 for investors in early stage venture capital limited partnerships.