Income tax: does 'expenditure on research and development activities'. in subsection 73B(27A) and sections 73C and 73D of the Income Tax Assessment Act 1936, include 'core technology expenditure'?
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Notice of Withdrawal
1. TD 98/1 states that the definition of deductible expenditure on research and development activities in subsections 73B(27A) and sections 73C and 73D of the Income Tax Assessment Act 1936 (ITAA 1936) may apply in respect of 'core technology expenditure'.
2. TD 98/1 is withdrawn without replacement as the interpretive issue it deals with relates to section 73B and section 73C of ITAA 1936, which were repealed on 30 June 2011 and to section 73D of ITAA 1936, which was repealed on 14 September 2006.
Commissioner of Taxation
20 December 2016
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core technology expenses
research and development expenses