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From the 2019/2020 income year, you may apply for the tax incentive and the tax loss credit if you are eligible.
A tax incentive to boost and support businesses that conduct eligible research and development.
This allows start-up companies to “cash-out” their tax losses arising from R&D expenditure.
From the 2020/2021 income year onwards, the Government has introduced new rules around deducting feasibility expenditure.
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