Details

Service: Tax, R&D Incentives
Industry: Real Estate & Construction
Type: Regulatory update
Date: 31/10/2011

Increased R&D tax benefits for real estate and construction

The R&D Tax Incentive program is now in place for income years starting on or after 1 July 2011. The R&D changes impact many real estate and construction companies, and now is the time to evaluate any impacts or opportunities.

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Key insights

The base R&D tax benefit has increased to 10 cents for companies with over $20 million turnover and 15 cents for companies with less than $20 million turnover.
Potential R&D activities include: development of new or improved construction methods, technological innovations or process improvements, green building initiatives, development of new or improved materials, IT projects.

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