Research and development tax incentive (BY)

For the R&D tax incentive home page click this link to the ATO website.

The Research and Development schedule provides two worksheets:

Early balancing companies with a 2019 income year beginning prior to 1 July 2018, that wish to claim their expenditure under R&D tax concession for the 2019 year, should contact the ATO via e-mail to innovationtax@ato.gov.au for further information in relation to their 2019 income tax return.

To make a claim at item 22 on the company return under Division 355 of the Income Tax Assessment Act 1997 (ITAA 1997), you must complete a Research and development incentive schedule.

The company may be entitled to claim the R&D tax incentive in the current year company return if it is an R&D entity that has registered its R&D activities with Innovation Australia through AusIndustry for the current income year.

To open the R&D tax incentive schedule:

Select Preparation > Schedule > R&D tax incentive schedule (BY) or,
Open a Company return and select the schedule from the ATO schedules navigation pane, or
At item 21 click the label A Non-refundable R&D tax offset or click label U Refundable R&D tax offset, or
In the Calculation Statement click label M R&D recoupment tax.

CCH References

20-165 Research and development expenditure - activities

20-185 Associates, partnerships and CRCs