As we are discussing CR's this weekend I was wondering whether any had any views about possible changes in behaviour as a result of the reccent amendments to the tax act.
If you are a soph aand invest in an eary stage innovation company then you can get:
non-refundable carry forward tax offset equal to 20% of the amount paid for their qualifying investments. This is capped at a maximum tax offset amount of $200,000 for the investor and their affiliates combined in each income year
modified capital gains tax (CGT) treatment, under which capital gains on qualifying shares that are continuously held for at least 12 months and less than ten years may be disregarded. Capital losses on shares held less than ten years must be disregarded.
Seems a bit outrageous really unless I have missed something with the double negative qualifications.
