Provides a tax offset designed to encourage more companies to engage in research and development.

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The R&D Tax Incentive provides eligible entities with a tax offset for expenditure on eligible R&D activities and for the decline in value of depreciating assets used for eligible R&D activities. The R&D Tax Incentive replaces the existing R&D Tax Concession for income years commencing on or after 1 July 2011.
The R&D Tax Incentive has two core components:
The objectives of the R&D Tax Incentive program are to provide a tax offset to make eligible companies more competitive and improve productivity across the Australian economy by:
Overview
R&D activities must meet certain criteria to be eligible and are categorised as either Core R&D activities or Supporting R&D activities.
Activities are experimental activities whose outcome cannot be known or determined in advance on the basis of current knowledge, information or experience, but can only be determined by applying a systematic progression of work that:
An activity is eligible as a supporting R&D activity where:
Supporting R&D activities are usually required in order for the core R&D activities to take place. They can occur at a different location or time to the core R&D activities so long as they maintain the required relationship
The key eligible R&D amounts that company can take in account in calculating their offsets are referred to as ‘Notional Deductions’. A company must have notional deductions for an income year of at least $20,000 in order to claim a R&D Tax offset – (this is amount is subject to some exceptions).
Eligible costs incurred on registered R&D activities may include the following amounts:
Bulletpoint can assist you to prepare your R&D claim and maximise the benefit you receive. We are registered tax agents.
Call us on (03) 9005 6789 or email to see how we can assist with your R&D tax incentive claim.
The R&D Tax Incentive Application Form for Registration of R&D Activities is now available. This form should be used to apply for registration of research and development (R&D) activities for the R&D Tax Incentive.
The Application for an Advance or Overseas Finding Form for the R&D Tax Incentive has been updated. Updated Application Notes for the Advance and Overseas Finding form are also available.
The Application for Registration of R&D Activities Form for the R&D Tax Incentive has been updated to include pre-fill functionality.