THE EARLY STAGE VENTURE CAPITAL LIMITED PARTNERSHIPS PROGRAM
The Early Stage Venture Capital Limited Partnerships Program is an entitlement program which provides flow-through tax treatment in conjunction with exempting limited partners (both domestic and foreign) from tax. Providing that the businesses total assets are not in excess of $50 million and their primary activity is not property development or finance, Australian businesses are eligible to apply.
VENTURE CAPITAL LIMITED PARTNERSHIP PROGRAMS
The Venture Capital Limited Partnerships Program provides new venture capital funds and their foreign investors with an exemption from capital gains tax on eligible investments. Like the Early Stage Venture Capital Limited Partnerships Program it also receives flow-through tax treatment, however, any returns on its investment are taxed in the hands of its investors. Providing that businesses total assets are not in excess of $250 million and their primary activity is not property development or finance, Australian businesses are eligible to apply.
For further information please contact Gilli Williams, Regional Manager for
South West NSW on 02 6921 1828 or refer to the AusIndustry Website www.ausindustry.gov.au
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