INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 360 - Early stage investors in innovation companies  

Subdivision 360-A - Tax incentives for early stage investors in innovation companies  

Guide to Subdivision 360-A

SECTION 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.


TABLE OF SECTIONS
TABLE OF SECTIONS
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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