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, prepared by Piotr Klank of the Victorian Bar. See also this Tax Technical article for more of the background.

FJM

[Tax Month – July 2019]

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