For more than two years now (from 1 July 2016) two key tax incentives have been available for investors considering putting their money behind qualifying start-up businesses - or as the ATO has dubbed them, early stage innovation companies (ESICs).
The incentives provide eligible tax payers who invest in new shares in an ESIC with:
- a non-refundable carry forward tax offset equal to 20% of the amount paid for their qualifying investments. - modified CGT treatment.
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