Allowances for scientific research

Tax and Duty Manual Part 29-02-01 has been updated to include limitations regarding the claiming of allowances for capital expenditure on scientific research under section 765 TCA 1997, introduced by Finance Act 2015.

The amendments restrict the ability of a company to claim allowances to circumstances where the asset in question is actually brought into use by the beneficiary (in line with the general rules for capital allowances).

23 May 2018