Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 360
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Early stage investors in innovation companies
Subdivision 360-A
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Tax incentives for early stage investors in innovation companies
Guide to Subdivision 360-A
SECTION 360-5 What this Subdivision is about
View history note
Hide history noteSECTION 360-5 What this Subdivision is about
You may be entitled to a tax offset if you are, or a trust or partnership of which you are a member is, issued with certain kinds of equity interests in a small Australian company with high-growth potential that is engaging in innovative activities.
A modified CGT treatment may also apply to those equity interests.
| Operative provisions | |
| 360-10 | Object of this Subdivision |
| 360-15 | Entitlement to the tax offset |
| 360-20 | Limited entitlement for certain kinds of investors |
| 360-25 | Amount of the tax offset - general case |
| 360-30 | Amount of the tax offset - members of trusts or partnerships |
| 360-35 | Amount of the tax offset - trustees |
| 360-40 | Early stage innovation companies |
| 360-45 | 100 point innovation test |
| 360-50 | Modified CGT treatment |
| 360-55 | Modified CGT treatment - partnerships |
| 360-60 | Modified CGT treatment - not affected by certain roll-overs |
| 360-65 | Separate modified CGT treatment for roll-overs about wholly-owned companies or scrip for scrip roll-overs |
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