Comments on: Budget 2009: Innovation Policy Announced http://mjassociates.com.au/mja-update/budget-2009-innovation-policy-announced/ R&D tax credit and concesssion expert consultants - Australia's leading independent consultants Tue, 22 Dec 2009 09:12:58 +1100 http://wordpress.org/?v=2.8 hourly 1 By: John Haining http://mjassociates.com.au/mja-update/budget-2009-innovation-policy-announced/comment-page-1/#comment-252 John Haining Tue, 12 May 2009 23:01:37 +0000 http://mjassociates.com.au/?p=458#comment-252 Thanks very much for the question, David. We'll be digging into those details today and attempt to answer that question for you. It may be one of those items that needs to wait for a consultation paper or bill. If it's in the budget papers we'll let you know. Thanks very much for the question, David. We’ll be digging into those details today and attempt to answer that question for you. It may be one of those items that needs to wait for a consultation paper or bill. If it’s in the budget papers we’ll let you know.

]]> By: David Mason http://mjassociates.com.au/mja-update/budget-2009-innovation-policy-announced/comment-page-1/#comment-251 David Mason Tue, 12 May 2009 20:27:57 +0000 http://mjassociates.com.au/?p=458#comment-251 John, Very well written summation of the changes. Just one question- with respect to +$20m companies - are you aware of whether the non-refundable tax credits are able to be carried forward or will it be a 'use it or lose it' credit? The concern being, if a large company is in a tax loss situation and it is unable to carry the credits forward, where is the incentive to claim in a particular year? Kind Regards David John,

Very well written summation of the changes.

Just one question- with respect to +$20m companies – are you aware of whether the non-refundable tax credits are able to be carried forward or will it be a ‘use it or lose it’ credit? The concern being, if a large company is in a tax loss situation and it is unable to carry the credits forward, where is the incentive to claim in a particular year?

Kind Regards

David

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