Government considers tweaks to CGT for start-ups

The Albanese government will consider changes to calculations for how start-ups are charged capital gains tax rather than a full exemption, after founders and investors warned axing the 50 per cent capital gains tax discount would hit innovation and send entrepreneurs offshore.

Following fierce backlash from the tech sector led by Atlassian co-founder and Tech Council chairman Scott Farquhar, Treasurer Jim Chalmers agreed to consult on plans to end the 50 per cent capital gains tax discount in favour of a model linked to inflation with a 30 per cent floor.

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Government considers tweaks to CGT for start-ups

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