Published on 17 Oct 12
by NATIONAL DIVISION, THE TAX INSTITUTE
The new R&D tax incentive is upon us. There are winners and losers but it is still not clear who’s who. This paper maps out the main changes from the old R&D tax concession so you can determine where claims now lie.
Topics covered include:
the changed definition of eligible R&D activities
issues relating to the eligibility of mining and minerals processing trials
the problems for resources claims created by the explanatory memorandum
the treatment of foreign-owned R&D
the requirements for advance and overseas findings
the impact of the wider feedstock expenditure provisions
the challenges associated with the new compliance regime.
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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