Assess your eligibility flowchart
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Question 1
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| Is your business eligible for the tax credit? Are you in business in NZ, or are you an industry research co-operative, and not an excluded entity or associated with or controlled by an excluded entity or entities? |
If you answered Yes then go to Question 2. | If you answered No then you are unlikely to be eligible for the R&D tax credit*. |
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Question 2
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| Is the R&D being conducted on behalf of your business? Do you control the R&D; bear the financial risk, and do you effectively own the results, if any? |
If you answered Yes then go to Question 3. | If you answered No then you are unlikely to be eligible for the R&D tax credit*. |
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Question 3
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| Did you carry out eligible R&D activities? These are activities which are systematic, investigative and experimental (SIE), and which seek to resolve scientific or technological uncertainty or which involve an appreciable element of novelty. Support activities which are wholly or mainly for the purpose of, required for and integral to the SIE activities may also be eligible. |
If you answered Yes then go to Question 4. | If you answered No then you are unlikely to be eligible for the R&D tax credit*. |
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Question 4
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| Did you have at least $20,000 of eligible expenditure in your income year? That is, expenditure on eligible R&D activities, which is deductible in the year the claim is made, with some exceptions, and which is on the list of eligible types and is not on the list of excluded expenditure types. If you spent less than $20,000, you may be eligible if you have only been an eligible business for part of the year, or if you used a listed research provider. |
If you answered Yes then it is worth your while reviewing the detailed information on the website or consulting your professional advisor*. | If you answered No then you are unlikely to be eligible for the R&D tax credit*. |
| *To find out more, check the detailed R&D information or consult your professional advisor. |
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