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R&D tax incentive – payments to associates

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13 / Jun / 2012

The ATO advises agents that if their company clients are claiming expenditure under the research and development (R&D) tax incentive for the 2012 year, they can either claim an R&D tax offset for expenditure incurred to an associate in the year the amount is paid or choose to claim the expenditure under another deduction provision. This choice cannot be reversed.

This is a key change from the previous R&D tax concession.

To assist agents and their clients understand these rules and provide information on the entities that may be their clients ‘associate’, go here

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