TD 2013/D9 – R&D: deductibility of design expenditure [30]
This Draft TD, released on Wed 4.12.2013, concerns a situation where an R&D entity incurs expenditure on various stages of design activities connected with it beginning to hold a tangible depreciating asset, where that expenditure also falls within the terms of s 355-205 of the ITAA 1997. The Draft broadly states that design expenditure will…