Capital gains tax reforms and the innovative start-up concession – consultation paper released

While the Government’s proposed concession for start-up businesses is narrow in design and likely requires further refinement, it will be a welcome form of tax relief for many investors including founders and employees.

On 18 June 2026, the Government announced its proposal in relation to the much anticipated carve-out for start-up businesses from its recent capital gains tax (CGT) reforms. Background The announcement and accompanying consultation paper follows the introduction of the first tranche of legislation in late May in respect of the CGT reform originally announced in the 2026-27 Federal Budget. This bill broadly amends the CGT rules to replace the 50 percent CGT discount for individuals, trusts ...

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Authors: Georgia King-Siem, Albert Homarwijaya,

Published Date: 23 June 2026