Opposition slams 'dirty' tax deal between Greens and Labor
What happened
Treasurer Jim Chalmers announced adjustments to the budget measures on Thursday last week to address concerns about the impact of the reforms on start-up businesses and small businesses more broadly. The government announced it would increase the turnover threshold for active asset CGT reduction from $2 million to $10 million and introduce a new innovative business CGT concession for start-up businesses
Why the category manager should care
Treat this as a real, sustained increase in advisory workload that will push demand to suppliers with valuation capability; plan panels and SLAs accordingly
Key facts
- Higher turnover/asset thresholds tied to concession mechanics
- Requires valuations as of 1 July 2027 for some asset types