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  • Early stage innovation companies

    From 1 July 2016, if you invest in a qualifying early stage innovation company you may be eligible for modified capital gains tax (CGT) treatment, under which you may disregard capital gains on qualifying shares that are continuously held for at least 12 months and less than ten years.

    If you acquired newly issued shares in a qualifying early stage innovation company and made capital gains on those shares from a CGT event that took place in 2016–17, that gain is subject to ordinary CGT treatment.

    You must disregard capital losses made on an investment in a qualifying early stage innovation company that is held for less than ten years.

    Last modified: 17 Jul 2017QC 52501