The R&D tax incentive is now well and truly open for business. In previous years, briefings could only speculate as to how the program could work. For the first time, we can examine the program from a real-world perspective.
Topics covered in this paper include:
- successful approaches to completing applications for registration including consolidated groups
- strategic issues in obtaining advance/overseas findings??
- highlights from AusIndustry guidance material on core versus supporting R&D activities, dominant purpose and sector-specific R&D
- making sense of ATO rulings on feedstock, clawback, building expenditure and payments to associates
- how to tackle the new quarterly credits regime.