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AAT R&D Tax Incentive Case: H2O Exchange and the Eligibility of Registered R&D Activities

A recent R&D Tax Incentive AAT Case (H2O Exchange and Innovation and Science Australia) focussed on the eligibility of R&D activities of a company developing a water rights trading platform. 

In our view, key take-aways so far are:

  • the importance of retaining sufficient evidence to substantiate the activity content and eligibility even when the individuals who conducted the R&D may no longer be available; 
  • that the registered activities cannot be changed (even as part of the review process) after 10-months after the relevant year of income has lapsed;  and
  • the need to articulate and substantiate the R&D hypotheses and activities in terms of technical or scientific uncertainty resolution thereof.

This case has gone to appeal.

You are welcome to contact us by email or call 1300 224 686 for further details.

Kind regards
The team at Ignite Innovation


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Topics: Innovation

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