Mark Fitzsimmons

Apr 2, 2024 | mondaq.com | Andrew Sharp |Jake Taylor |Mark Fitzsimmons

The Early-Stage Venture Capital Limited Partnership (ESVCLP) regime was introduced in 2007 to stimulate the early-stage venture capital sector in Australia. The regime provides generous tax concessions to investors and fund managers alike. Under the regime, investors are typically exempt from tax on all or part of the returns they receive from eligible venture capital investments (EVCI) and are entitled to a non-refundable carry forward tax offset of up to 10 percent of the amount they invest.