Income tax, CGT and entities

Research and development tax incentive (R&D)

The research and development tax incentive is a government programme that gives eligible companies a tax offset for spending on eligible R&D activities. It is administered jointly by AusIndustry, which registers the activities, and the ATO, which deals with the tax claim. A company registers its R&D activities with the programme within the time allowed, then claims the offset in its income tax return, with an R&D schedule. The activities must meet the definition of core R&D activities, and the expenditure must be eligible and documented. Because the claim depends on records of what was done and spent, a practice involved should keep contemporaneous evidence from the start.

General information, not tax advice. The rules change, so check the source page above for the current position. Fedix is developed by Tax7 R&D Pty Ltd.