The opposition has jumped on the federal government's small-business CGT carve-outs, claiming it is an admission that Labor got the budget wrong.

Labor is considering including capital gains tax exemptions in the budget legislation it will ram through the Senate in a bid to shut down political blowback.

Around 2.7 million small businesses will be offered a carve-out from controversial tax changes.

The federal government has consulted with small businesses and startups over contentious elements of its budget tax proposal.

Labor has granted tax concessions to small businesses, start-ups and testamentary trusts, in a partial surrender following a backlash against its contentious budget tax changes.

Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes

The opposition has jumped on the federal government's small-business CGT carve-outs, claiming it is an admission that Labor got the budget wrong.