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The Tax Institute Submission | Venture Capital Tax Concessions Review

Published on 15 Sep 21 by THE TAX INSTITUTE

The venture capital tax concessions programs seek to increase the level of venture capital investments in Australia and develop the skills and experience of Australian venture capital fund managers. The programs also aim to promote a culture of innovation and entrepreneurial risk-taking, by incentivising the use of investment vehicles dedicated to early-stage and later-stage start-ups and
improving access to more and cheaper financing for these types of businesses. The programs encompass three types of investment structures that provide concessional treatment for venture capital investors. These structures are:

  • early-stage venture capital limited partnerships (ESVCLPs)
  • venture capital limited partnerships (VCLPs); and
  • Australian Funds of Funds (AFOFs),

The Tax Institute is of the view that the programs have had a positive impact on the growth of Australian venture capital, and have played a significant part in creating a vibrant start-up environment in Australia. The substantial impact of the programs on the Australian market could not have been anticipated at the time of their inception.

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The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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