Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)
Registration and findings (Industry Research and Development Act 1986 Part III) – Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355)

Australia R&D Tax Incentive (Income Tax Assessment Act 1997 Division 355) IRD-28E: IRD Act s 28E and ITAA 1997 s 355-225(2) Do not claim expenditure acquiring core technology

Expenditure on acquiring technology, or the right to use it, for R&D activities is not notionally deductible where a purpose of the activities is to obtain new knowledge based on that technology or to create new or improved materials, products, devices, processes, techniques or services based on it, or where the activities extend, continue, develop or complete the activities that produced the technology. The Board may, and at the Commissioner's request must, find whether technology is core technology for particular activities, and an entity may apply for such a finding.

Maintained by Gerard Blokdyk

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