FCT v Desalination Technology Pty Limited – R&D offset: Relevant expenditure properly ‘incurred’ – Commissioner loses appeal [30]
In a decision handed down on Tue 21.10.2014, the Federal Court has dismissed the Commissioner’s appeal and held that the taxpayer had “incurred” the relevant expenditure for the purposes of claiming an R&D tax offset. The AAT, in AAT Case [2013] AATA 846, Re Desalination Technology Pty Ltd and FCT, had held that the taxpayer…