R&D LOSS TAX CREDIT
Your loss, your gain
The R&D Loss Tax Credit (RDLTC) enables loss making R&D-focused companies to turn their tax losses into cash. For many, it’s a game-changing boost to cash flow.
Cash out your R&D losses
If your business is currently operating at a tax loss, you can receive a cash credit of up to 28% of eligible R&D expenditure. To be eligible, your New Zealand business must:
Have a tax loss in relevant tax year
Undertake R&D activity in New Zealand
Spend 20% or more of your total labour expenditure on R&D
Carry out activities that involve original, planned investigations to gain new scientific or technical knowledge
Have the intention of creating new or significantly improved products, processes or services
Meet certain other business and project related requirements
Turning compliance into cash
Many businesses don’t know that the RDLTC exists or understand what’s required to successfully apply.
Accessing the RDLTC involves submitting a detailed application that outlines your R&D activities and costs while meeting IRD’s eligibility and record keeping requirements.
At Swell, we use our expert R&D tax knowledge to make the process hassle free and seamless, ensuring your business secures the funding it deserves.
HOW SWELL CAN HELP
Assessment
We’ll take a deep dive into your innovation and evaluate your eligibility for the R&D Loss Tax Credit.
Diving into the details
We interview your team and collect the right information about your R&D activities and expenditure and prepare a robust and compliant application.
Securing the funding
As with all things tax-related, the details matter. Our team will liaise directly with IRD to ensure your application progresses smoothly.
Future-proofing your success
We’re here to make future R&D applications seamless and stress-free. We set up robust documentation systems and provide the right guidance to ensure your R&D activities and expenses are always well-recorded, keeping you prepared for a strong and compliant claim.