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The Latest Breaking News from capital gains

AAP Rolling News Bulletin June 19, 1300

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FED:Labor concedes popularity hit from tax changes

New carve-outs for startups and a backdown on trusts are aimed at reducing some of the political blowback from major capital gains tax reforms.

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'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

AAP

FED:Tax carve-out backdown fails to cut it with businesses

Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.

The Guardian - AU

Afternoon Update: CGT exemptions for small business; ebike thefts soar; and Australia’s top university named

PM’s announcement on capital gains tax exemptions follows weeks of criticism from industry groups

AAP

Labor identifies businesses to be exempt from new tax

Strict criteria will be applied to small businesses to access a 50 per cent discount to the capital gains tax, the government says.

AAP

FED:New carve-outs revealed for startups after tax backlash

Innovative startups will have access to the existing 50 per cent capital gains discount and a proposed minimum tax on discretionary trusts will be axed.

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