The R&D Tax Incentive replaced the R&D Tax Concession on 1 July 2011.
To claim expenses for R&D expenditure incurred in an income year starting before 1 July 2011, continue to use the R&D Tax Concession.
To claim expenses for R&D expenditure incurred in an income year starting on or after 1 July 2011, use the R&D Tax Incentive.
Special transitional arrangements were established to broadly address some situations that extend over income years where both the R&D tax concession provisions and the R&D tax incentive provisions apply.
See also:
Next step:
- Research and development tax incentive – home – for fact sheets and a calculator.