Investors in BlueChilli startups automatically qualify for tax deduction after ATO ruling

Summary

Investors who back startups in the BlueChilli portfolio will now enjoy an immediate tax deduction plus capital gains tax exemptions. This follows a private ruling by the Australian Taxation Office (ATO) approving BlueChilli as the nation’s first accelerator program with Early Stage Investment Company (ESIC) accreditation. Under ATO rules, investors who have met the agency’s sophisticated […]

Tags: accelerator, ATO, BlueChilli, Early Stage Investment Company, ESIC, Investment, Investor, Luther Poier