Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)
Integrity rules, clawback and catch-up (Subdivisions 355-F to 355-H and 355-W) – Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)

Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355) 355-405: s 355-405 Exclude expenditure that is not at risk

Expenditure is not deductible to the extent that, when incurred, the R&D entity or its associate had received or could reasonably be expected to receive consideration as a direct or indirect result of incurring it, regardless of the R&D results; where the consideration equals or exceeds the expenditure none is deductible, otherwise the deduction is reduced by the consideration. Past, present and likely future matters are all considered. The rule does not apply to R&D conducted for foreign residents under ss 355-210(1)(b) and (c).

Maintained by Gerard Blokdyk

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