Tax Determinations

TD 2014/15 – Treatment of Design Expenditure relating to an Asset

July 14th, 2014

The ATO recently issued TD 2014/15.  This Tax Determination relates to the R&D tax incentive and discusses the treatment of expenditure incurred by an R&D entity during various design stages (Design Expenditure) connected with it beginning to hold a tangible depreciating asset, where that expenditure also falls within the terms of section 355-205 of the Income Tax Assessment Act 1997 (ITAA97). The determination addresses the question of when to include the Design Expenditure in the first element of the cost […]

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Draft Taxation Determination TD 2013/D9 released by ATO for public comment

December 12th, 2013

Last week, the ATO released for public comment  draft Taxation Determination TD 2013/D9  “Income tax: when will Design Expenditure incurred by an R&D entity be included in the cost of a tangible depreciating asset within paragraph 355-225(1)(b) of the Income Tax Assessment Act 1997 (and therefore not able to be deducted under section 355-205)?” Submissions are due by 24 January 2014. The draft Taxation Determination is concerned with situations where an R&D entity incurs expenditure on various stages of design activities, connected […]

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