Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]


What this Division is about

An R&D entity may be entitled to a tax offset for R&D activities. The tax offset may be a refundable tax offset if the R&D entity's aggregated turnover is less than $20 million.

To be entitled to the tax offset, the R&D entity needs one or more notional deductions under this Division.

There are 2 main kinds of notional deductions. One is for expenditure on R&D activities. The other is for the decline in value of tangible depreciating assets used for R&D activities.

Note:   All of these notional deductions require the R&D entity to be registered for the R&D activities under Part   III of the Industry Research and Development Act 1986 .

Table of sections

355 - 5   Object

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback