Substantiating an experiment commercially - The R&D tax conundrum paper
Published on 05 Feb 13
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- introduction to R&D Tax Incentive and the new eligibility criteria
- explanation of core and supporting activities: what they are and how they differ
- the problems with substantiation requirements as a result of the segmenting of an R&D project into individual activities for the purpose of assessing tax offset eligibility
- a proposed solution of how to claim under the new scheme and how much documentation is enough, based on recent AAT decisions.