CONTENTS

	What this module is about

	Tax issues relevant to acquiring, developing and commercialising IP

	Income and Capital Gains Tax (CGT)

	The tax implications on various IP regimes

	Commonwealth Government financial incentives for developing IP

	Other Government Incentives for developing IP

	Australian Business Angels (non Government)

	Questions for your adviser

	Summary of key concepts

Taxation & Government Incentives

	What this module is about
	Brief Overview

	Tax issues relevant to acquiring, developing and commercialising IP
	As with most businesses, taxation relating to acquiring, developing and commercialising IP is a minefield with potential taxation liabilities at various stages throughout the IP commercialisation life cycle.

	Income and Capital Gains Tax (CGT)
	Income tax in Australia is a complex issue, and there is some uncertainty in relation to the extent of possible changes to the business tax regime.

	The tax implications on various IP regimes
	Outgoings relating to acquiring or developing IP will typically be capital outgoings and will not be deductible under the provisions applying to ordinary business expenses.

	Commonwealth Government financial incentives for developing IP
	The Commonwealth Government provides a range of financial incentives for companies developing or acquiring IP.

	Other Government Incentives for developing IP
	The Commonwealth Government offers a number of other incentive programs to encourage innovation.

	Australian Business Angels (non Government)
	In 1993 Australian Business Limited launched Australian Business Angels.

	Questions for your adviser
	Questions for your adviser

	Summary of key concepts
	Important information to take away from this module.

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