The government has announced changes to its capital gains tax (CGT) reforms announced in last month's budget, with more small businesses eligible for a carve-out, a new tax exemption being looked at for start-ups and a tax on discretionary trusts dumped.In its May budget, the government announced capital gains tax rules would change from 1 July 2027, with the standard 50 per cent discount for individuals, trusts, and partnerships to be replaced with cost base indexation and a 30 per cent minimum tax rate.On Thursday, Prime Minister Anthony Albanese said the 50 per cent active asset discount — which is applied on top of the standard CGT discount for small businesses with an annual turnover of up to $2 million — would be expanded to cover businesses with a turnover of up to $10 million."We back Australian small businesses and the important role that they play in Australia The CGT rules are set to change from 1 July 2027, with the 50 per cent discount for individuals, trusts, and partnerships to be replaced with cost base indexation and a 30 per cent minimum tax rate.The government's view was that cost-based indexation would ensure that only real capital gains would be subject to tax