Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)
Notional deductions and expenditure conditions (Subdivisions 355-D, 355-E and 355-I to 355-K) – Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)

Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355) 355-305: ss 355-305 to 355-315 Claim decline in value only for the R&D use of tangible depreciating assets

An R&D entity registered for R&D activities in the year notionally deducts the decline in value of a tangible depreciating asset it holds to the extent used for those activities, worked out under Division 40 with the substitutions in s 355-310 (R&D purpose in place of taxable purpose; building works that attract capital works deductions excluded; low-value pool and small business pooling assumptions disregarded), provided the asset was not pooled earlier. A balancing adjustment event for an asset used only for R&D gives an actual deduction or assessable income (s 355-315).

Maintained by Gerard Blokdyk

Other controls in Notional deductions and expenditure conditions (Subdivisions 355-D, 355-E and 355-I to 355-K) – Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)

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