Research and development tax concession

The R&D Tax Incentive replaced the R&D Tax Concession on 1 July 2011.

To claim expenses for R&D expenditure incurred in an income year starting before 1 July 2011, continue to use the R&D Tax Concession.

To claim expenses for R&D expenditure incurred in an income year starting on or after 1 July 2011, use the R&D Tax Incentive.

Special transitional arrangements were established to broadly address some situations that extend over income years where both the R&D tax concession provisions and the R&D tax incentive provisions apply.

See also:

• Transition from the R&D tax concession to the R&D tax incentive

Next step:

• Research and development tax incentive – home – for fact sheets and a calculator.

Explains that the research and development tax concession is a finalised scheme that has been replaced from 1 July 2011.