Are you experimenting with the R&D tax incentive?
Source: Taxation In Australia Journal Article
Published Date: 1 Apr 2016
For income years starting on or after 1 July 2011, the research and development (R&D) tax incentive replaced the R&D tax concession. The new rules seek to provide more generous benefits and make a clearer, better targeted definition of what are eligible R&D activities. With the R&D tax incentive rules now in place for over four years, the key provisions relating to new knowledge, how to establish the current state of knowledge, and the scientific method are becoming more certain as recent cases confirm how the provisions operate, and which parts of the old tax concession can continue to be relied on.
This article analyses the core R&D eligibility criteria required for an applicant to prove that their activities are eligible R&D activities.
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Details
- Published By: Chris Ryan CTA
- Published On:1 Apr 2016
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