The new R&D tax incentive is upon us. There are winners and losers but it is still not clear who’s who. This paper maps out the main changes from the old R&D tax concession so you can determine where claims now lie.
Topics covered include:
- the changed definition of eligible R&D activities
- issues relating to the eligibility of mining and minerals processing trials
- the problems for resources claims created by the explanatory memorandum
- the treatment of foreign-owned R&D
- the requirements for advance and overseas findings
- the impact of the wider feedstock expenditure provisions
- the challenges associated with the new compliance regime.