PM announces $475m backdown on CGT and trusts (opens original article in a new tab)

The Albanese government announced $475m in tax concessions for small businesses, start-ups, and testamentary trusts, lowering the capital gains tax threshold from $2m to $10m for active assets following budget backlash.

• PM announces $475m tax concessions for small businesses and start-ups
• Government lowers CGT threshold from $2m to $10m for active assets
• Backdown follows backlash against budget tax changes