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  • Budget 2018

    The House that Grant Built

R & D Tax Credit

Eligible businesses will be entitled to a 12.5% tax credit for every dollar they spend on research and development. Currently the incentives on R&D come in the form of grants or a cash-up of tax losses.  Government have allowed $1.0 billion over four years for the tax credit.  Broadly:

  • Applies to people in business with research and development expenditure in excess of $100,000.
  • The tax credit of 12.5% on eligible expenditure.
  • Tax credit expected to be refundable if the company has losses.
  • Final details to be determined following public consultation.