Capital Gains Tax Reform: Start-Ups and Founders Survey

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1. When you think about capital gains tax reform, which of the following best reflects your view?

2. Founders and employees at the early stages of start-ups typically take their “salary” as stock which can’t be realised as income until future years, building companies that employ Australians and compete globally. When they sell, the gain is effectively deferred income and crystallised risk. Do you think this justifies different tax treatment from a property investor selling an asset?

3. Other

4. In the UK, when a founder sells a company they built and ran themselves, they pay 18% CGT on the first £1 million of gains — while property investors pay up to 24%. The Australian Government's proposed reform introduces a minimum 30% tax on all gains without making any such distinction. Which of the following best reflects your view?

5. Other

6. The Government has committed to consulting on the treatment of start-ups after the Budget has been handed down — meaning the architecture of the reform is set before the detail for founders is worked out. How do you feel about that approach?

7. Other