ATO may deny R&D offset on JobSeeker payments
By Kris Gale The ATO has released Draft Taxation Determination TD 2020/D1, setting out how the ‘at-risk rule’ (section 355-405 of the Income Tax Assessment Act 1997) applies to JobKeeper payments received by a company conducting activities eligible for the R&D Tax Offset. In short, the ATO is of the view that eligible R&D activities…