Capital gains exemption for reinvestment in eligible start up shares expanded to allow tech assets like computers and software. The amendment permits capital gains from transfer of a residential property to be exempt where such gains are invested in shares of an eligible start up ... Summary
Capital gains exemption for reinvestment in eligible start up shares expanded to allow tech assets like computers and software.
The amendment permits capital gains from transfer of a residential property to be exempt where such gains are invested in shares of an eligible start up as defined by the Explanation to the start up incentive provision; it also treats computers and computer software as "new assets" for certified technology driven start ups, subject to certification, with effect from 1 April 2017.
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