Amended guidance on the tax treatment of scientific research

Jun 08, 2020

Revenue have amended their Tax and Duty Manual on Allowances for Scientific Research to reflect amendments included in the Finance Act 2019.

Revenue states that references to “capital expenditure on scientific research”, within section 765(1) Taxes Consolidation Act 1997 (“TCA”) will not include any expenditure on plant and equipment. Only where expenditure on the construction or development of a building or structure is, in itself, scientific research, will that expenditure be qualifying capital expenditure for the purposes of section 765(1) TCA 1997.

For further details see Revenue’s Tax and Duty Manual Part 29-02-01– Allowances for Scientific Research.