AusIndustry Guidance and Materials

R&D Tax Incentive for ordinary business activities under ATO review

February 24th, 2017

  Business operators and advisors are being warned that the Australian Tax Office (ATO) are reviewing tax incentive claims made for ordinary business activities. The following review is intended to target the misuse of R&D claims, and anyone deliberately exploiting the tax breaks will be pursued in court.     Misuse of R&D tax incentives consist of: A company registers one or more activities for the R&D Tax Incentive. Some or all of the activities registered are broadly described and non-specific. […]

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ATO to review R&D Tax Incentive for construction activities

February 24th, 2017

The arrangements of certain building and construction industry participants that are claiming the R&D Tax Incentive are being reviewed by the ATO and AusIndustry.The arrangements under review concern R&D claimants who are involved in either: Acquiring buildings or extensions Alterations or improvements Constructing, extending, altering or improving buildings.   The review applies for instances where some or all of the expenditure: Is incurred on building and construction activities, which are expressly excluded from being taken into account in calculating an R&D […]

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New AusIndustry Guidance released to assist R&D applicants

December 5th, 2016

AusIndustry have recently released new guidance material to help companies and tax advisors correctly identify and register for the R&D Tax Incentive in the fields of software development, agriculture, building, construction, and mining. This guidance material includes specific examples and information on AusIndustry’s expectations for participants registering activities under the R&D Tax Incentive in these fields. The four new Specific Issues Guidance documents are: Getting software development R&D Tax Incentive claims right Getting building and construction R&D Tax Incentive claims right Getting mining R&D Tax Incentive claims right Getting farming R&D […]

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ATO Issues Warning on R&D Claims for Farming Activities

October 22nd, 2015

The Australian Tax Office and AusIndustry have issued guidance to alert companies against claiming the R&D tax incentive for business-as-usual farming activities. Expanding on this, ATO Deputy Commissioner Tim Dyce said that usual business expenditure is normally not eligible under the incentive and the law contains a number of requirements which must be satisfied in order for activities to be accepted. He further explains, “we’re seeing farmers applying soil treatments across their property, in some case thousands of hectares, which […]

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