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22 Early stage venture capital limited partnership

Last updated 1 October 2019

L - Early stage venture capital limited partnership tax offset

You may be entitled to the early stage venture capital limited partnership (ESVCLP) tax offset if you contributed to an ESVCLP as:

  • a limited partner of the ESVCLP, or
  • an investor through a partnership or a trust.

The early stage venture capital limited partnership must have become unconditionally registered on or after 7 December 2015.

If you are a limited partner of the ESVCLP, the amount of the offset you are able to claim is 10% of the lesser of the following:

  • your total contribution to the ESVCLP during the income year (certain exclusions apply), and
  • your share (based on your interest in the entire capital of the ESVCLP at the end of the income year) of the sum of eligible venture capital investments made by the ESVCLP during the income year and within two months after the end of the income year.

If you are an investor through a partnership or a trust which is itself a limited partner of an ESVCLP at the end of the income year and you are entitled to an ESVCLP tax offset, the partnership or the trust will provide you with details of your entitlement to the ESVCLP tax offset.

Write at item 22 label L the total amount of ESVCLP tax offset.

Also include this amount at D Non-refundable carry forward tax offsets in the Calculation statement.

For more information on the early stage venture capital limited partnerships, please see: ESVCLP tax incentives and concessions.

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