The Government has encouraged R&D spend by innovators to boost advanced manufacturing in the wake of the coronavirus recession.
Under the new package, a proposed $4 million cap on claims for businesses generating less than $20 million per year will be abandoned and replaced with a rate of 18.5 percentage points above the claimant's corporate tax rate. (Up from 16%, but still 43.5% for those still in loss)
If you are doing R&D and you are in a tax loss position - you can get back 43.5pc of your R&D spend in 💰 cash by cashing in your tax losses