What R&D expenses can be claimed?
The amount a company can claim under the R&D Tax Incentive is calculated on eligible R&D expenditure.
Australian Staff/Contractors
- Salary expenditure (for R&D activities) and associated ‘on-costs’ for those employees such as super, worker’s compensation, etc.
- Expenditure incurred under contract to other parties.
Associated Overheads & Materials
- Overheads involved in the R&D project – this could include lease of laboratory facilities, subscriptions, telephone & internet, etc.
- Expenditure on materials for developing a prototype.
Research Service Provider
- Contract expenditure incurred using a Research Service Provider (such as a university).