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 of the decision.

FJM 3.8.19

[Tax Month – July 2019]

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