Royal Wins Pty Ltd v Innovation and Science Australia – R&D activities not core activities – inadequate documentation

On 30 Oct 2020, the AAT determined that a taxpayer was unable to show that certain R&D activities were core R&D activities for income tax purposes, as there was no relevant contemporaneous documentation to establish that any relevant hypothesis had been developed or tested.

See below for further details.

[Tax Month – October 2020]