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Eligible to 'cash out' your research and development losses?

Research and development loss tax credit

Eligible to 'cash out' your research and development losses?

Research and development loss tax credit

Eligible to 'cash out' your research and development losses?

The Research and Development (R&D) loss tax credit gives innovative companies access to their tax losses sooner so they have cash on hand to help grow their business when they need it most. Eligible businesses can claim up to $224,000 credit for the 2016-17 tax year.

Check out these videos of businesses who successfully applied for the R & D loss tax credit for the 2015-16 tax year.

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Find out if your business is eligible and apply

Follow these simple steps to check your eligibility and apply to 'cash out' your R&D losses for the 2016/17 tax year. To receive this credit, you must complete all of these steps before your income tax filing due date.

  1. Work out if your business meets requirements using our online eligibility tool

Our Research and development loss tax credit eligibility tool will help work out if your business is eligible to cash out R&D tax losses.

Work out if your business meets requirements using our online eligibility tool

  1. Register your interest in applying to cash out your business R&D losses

Register your interest with our Research and development (R&D) loss tax credit registration form. This lets us confirm if your business meets the requirements. 

If it does, you'll receive an email to get access to the Investment Management System. You should receive the email within five working days.

You'll use the Investment Management System in steps four and five.

Go to our Research and development (R&D) loss tax credit registration form

  1. Complete and file your IR4 companies income tax return for the correct tax year

If you have all the information you need, you can file before the following due dates.

Your IR4 for the 2016-2017 tax year is due:

  • 7 July 2017 if you don’t have a tax agent (for a 31 March balance date)
  • 31 March 2018 if you have a tax agent.

Find out more about filing business income tax returns

  1. Submit a R&D activity statement using the Investment Management System

This helps work out if your business R&D activity meets the requirements.

Login to the Investment Management System

  1. Submit a R&D supplementary form using the Investment Management System

This helps you calculate the amount of losses your business can cash out.

Login to the Investment Management System

Please remember your IR4 and IMS forms must be filed at the same time.

Find out more

Would you like more information about the new R&D loss tax credit? Take some time to check out: