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8Sep

Early Stage Innovation Companies (ESIC) - Peter Vickers Business Group

8 Sep 2016 |

Early Stage Innovation Company Legislation

From 1 July 2016 there is a 20% non-refundable tax offset capped at $200, 000 or $50, 000 for non–sophisticated investors for investments in early stage innovative companies.

The capital gain on disposal of the investment will be exempt from tax if held from 12 months to 10 years. After the tenth year the cost base of the investment becomes the market value on the 10thanniversary of the investment.

innov

If you are investing in an early stage innovative business then this is a great opportunity to structure your investment with great tax benefits.

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