Leveraging the R&D Tax Incentive for your Innovation

COST CONSIDERATIONS

• Who’s R&D is it? IP agreements in place between parties e.g. contractor to R&D Entity • Understand the “tax” position of the costs, such as sweat equity versus salary • Associates must be PAID if you want to include their R&D costs in the claim • Is a Prototype an asset that must be depreciated? • If you are selling R&D “outputs” do you need to apply feedstock provisions to reduce the net benefit of the R&D claim • If you have a grant you must consider the R&D Tax impact through Clawback • Are you “guaranteed” to receive consideration for incurring R&D costs