The Guardian Australia – News
·general
·8 hours ago
Albanese announces new capital gains tax exemptions for small businesses
Prime Minister Anthony Albanese announced new capital gains tax exemptions for small businesses on Thursday, following criticism of earlier budget plans. The changes will allow 98% of active businesses to benefit from concessions, increasing the annual turnover threshold to $10 million. These amendments are expected to cost the budget $475 million amid broader tax reforms.
Summary by OZbrief · The Guardian Australia – News
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