The government is seeking feedback on draft legislation for the Innovative Business CGT Concession (IBCC).
The IBCC will provide a 50 per cent discount on capital gains from early-stage investments in innovative start-ups.
Feedback
The government is seeking feedback on the exposure draft legislation and explanatory memorandum to implement the IBCC, including on the administrative and transitional arrangements for existing start-ups.
The government will also seek feedback on a draft legislative instrument that will help companies incorporated before 1 July 2027 self-assess whether they meet the innovation requirement for the IBCC.
The government will consult separately on a similar legislative instrument for start ups incorporating on or after 1 July 2027.
Background
In the 2026–27 Budget, the government announced changes to CGT arrangements. The government also announced that it would consult on how these changes would apply to start-ups.
Following this announcement, the government conducted a public consultation on the design of an IBCC from 18 June to 10 July 2026.
This exposure draft legislation includes changes coming out of that consultation, to reflect feedback from stakeholders. The main changes include:
extending a 15-year eligibility period to all firms
lowering the minimum holding period to 3 years
removing the lifetime cap.
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