The R&D tax credit has been repealed, effective from the 2009-10 income year. It is still available for qualifying expenditure on R&D activities carried out in the 2008-09 income year. Find out more about the R&D tax credit repeal >
Tax agents: To file a detailed statement on behalf of a client, you must upgrade your online services user ID to access your client's detailed statement. For help, ask the online services support person or administrator in your office, or contact the R&D tax credit team.
Limits on internal software development expenditure
There is a limit of $3 million per income year on eligible expenditure on internal software development for the R&D tax credit. The limit on expenditure applies to a business, or to a group under common control. Expenditure on internal software development exceeding $3 million is not eligible, unless the Minister of Finance lifts the limit on expenditure. The limit does not apply to other eligible expenditure which is not incurred on internal software development.
Learn about
- About the limit on internal software development expenditure
- Grouping with other developers under the same control
How it works
- Calculating the limit on expenditure if you are not part of a group
- Allocating the limit across members of a group
- Applying to have the limit on internal software development expenditure increased
Date published: 06 Nov 2009
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