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Regulatory

Start-ups, small businesses win CGT reform carveouts

Treasury has unveiled a package of capital gains tax (CGT) discount carveouts targeting small businesses, and start-ups and their investors following backlash since the reforms were announced in the Budget on May 12. Testamentary trusts will also be given a reprieve from the new tax regime.

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Read more: BudgetTreasuryIBCCBran BlackJim ChalmersKate CornickLaborTech Council of Australia