Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes
Follow our Australia news live blog for latest updates
Get our breaking news email, free app or daily news podcast
All of Australia’s 2.7m small businesses will receive “generous” exemptions from capital gains tax, as Anthony Albanese flagged startups and testamentary trusts would receive carve outs from the government’s contentious tax reforms.
The prime minister’s announcement on Thursday follows weeks of sustained criticism from industry groups, who have labelled the move from a flat 50% CGT discount model to an inflation-linked approach as a “tax on growth”.
Continue reading…
Source link : https://www.theguardian.com/australia-news/2026/jun/18/albanese-announces-generous-capital-gains-tax-exemptions-for-small-businesses-after-budget-backlash
Author : Patrick Commins Economics editor
Publish date : 2026-06-18 02:28:00
Copyright for syndicated content belongs to the linked Source.
