How do the feedstock rules work?

The R&D tax incentive has feedstock rules consistent with the previous R&D tax concession. However, under the incentive, the feedstock adjustment works by increasing your assessable income, rather than by reducing the deductions or offset you can claim.

The feedstock rules effectively adjust the R&D tax incentive benefit you receive for your expenditure on certain 'inputs', reflecting the value of the related 'outputs'.

    Last modified: 25 Oct 2016QC 24621