Leveraging the R&D Tax Incentive for your Innovation

COSTS

Eligible R&D expenditure

Specific examples of R&D expenditure: • wages and salaries • items directly related to the R&D activities • contract expenditure • decline in value on plant and equipment used in R&D activities • other expenditure directly related to R&D activities • a proportion of expenditure that indirectly supports the R&D activities (e.g. office overheads, rent, training etc.) • Up to 50% of a project may be carried out overseas, if necessary subject to an Overseas/Advance Finding