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Albanese Government Announces Expanded Capital Gains Tax Exemptions for Small Businesses
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Albanese Government Announces Expanded Capital Gains Tax Exemptions for Small Businesses

Australia's Prime Minister Anthony Albanese has announced expanded capital gains tax (CGT) exemptions for small businesses, including startups and testamentary trusts. The government increased the turnover threshold to $10 million, making the exemption "substantially broader and significantly more generous" in response to industry criticism.

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Guardian Australia