Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash

Startups and testamentary trusts to receive carve outs after criticism of Labor’s CGT changes Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast All of Australia’s 2.7m small businesses will receive “generous” exemptions from capital gains tax, as Anthony Albanese flagged startups and testamentary trusts would receive carve outs from the government’s contentious tax reforms. The prime minister’s announcement on Thursday follows wee