Updated
Updated · Bloomberg · Jun 18
Australia Expands Capital Gains Tax Break to A$10 Million Revenue Firms
Updated
Updated · Bloomberg · Jun 18

Australia Expands Capital Gains Tax Break to A$10 Million Revenue Firms

3 articles · Updated · Bloomberg · Jun 18

Summary

  • Businesses with revenue up to A$10 million will now qualify for an extra capital gains tax discount under revised Australian tax changes announced by Prime Minister Anthony Albanese and Treasurer Jim Chalmers.
  • The government said it altered the measures to soften the budget’s impact on small businesses, startups and trusts after backlash to the original package.
  • The broader threshold means all 2.7 million active small businesses and 98% of active businesses will be eligible for the capital gains tax concessions.
  • The shift marks a retreat from the government’s earlier tax plan as Canberra tries to ease pressure on smaller firms while defending its budget agenda.

Insights

Will tax concessions for 98% of businesses neutralize the government's housing affordability reforms?
With major tax changes looming, is Australia still a predictable and safe place for investment?
Are these reforms a genuine fix for inequality or a productivity tax on future growth?