Moreton Resources Limited v Innovation and Science Australia – pilot plants can be relevantly ‘experimental’ for R&D tax offset purposes

Tax Month - July 2019

On 25 July 2019, the Full Federal Court made an important decision about Division 355 of the ITAA 1997, which sets out the requirements for a Research and Development Tax Offset. In essence it decided that a pilot plant could be relevantly ‘experimental’ and satisfy the requirements for the offset. See below for a summary…

Moreton Resources Ltd v Innovation and Science Australia – experimental activities may include the application of existing technology at a new site

Tax Month - July 2019

On 25 July 2019, the Full Federal Court held that expenditure on a pilot plant could be relevantly ‘experimental’ so as to qualify as ‘core R&D activities’, for the purposes of Div 355 of the Income Tax Assessment Act 1997. See below for a more detailed analysis of this ‘core’ part of the Court’s decision,…