Albanese backs down with capital gains carve-outs for small businesses, startups | ABC NEWS

The 50 per cent extra capital gains tax discount for small businesses will be extended to those with a turnover of up to $10 million instead of $2 million.
Startup founders and employees will get an extra 50 per cent concession of their own, with details to be finalised following further consultation.
The government aims to progress its legislation in the next fortnight.

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Read more here: https://www.abc.net.au/news/2026-06-18/capital-gains-tax-concessions-for-startups-and-small-business/106812782

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