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If a company was developing an Initial Coin Offering can they access the R&D tax offset

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Devotee Registered Tax Practitioner

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The question is very much conveyed in the title: Australian company developing an initial coin offering what criteria would need to be met in order to access the R&D Tax offset. I understand the requirements for a normal company to access this offset, I have infact prepared a number of R& D claims for manufacturing business over the years. I'm curious as to what the ATO would look at with blockchain technology to assess entitlement to the offset.  

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Devotee

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https://www.business.gov.au/-/media/Business/RDTI/Research-and-development-tax-incentive-guide-to-in...

I don’t see anything that excludes block chain products.

Should such activity be subject to a Prospectus type system?

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Best answer

Devotee

Replies 0

https://www.business.gov.au/-/media/Business/RDTI/Research-and-development-tax-incentive-guide-to-in...

I don’t see anything that excludes block chain products.

Should such activity be subject to a Prospectus type system?

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