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of <h1>Clause 45: Tax deductions for in-house and contracted R&D, pre-commencement rules, exclusions, and compliance risks &D</h1> Clause 45 allows a deduction for capital and revenue expenditure on scientific research related to a taxpayer's business, including deeming rules that treat qualifying pre-commencement expenditure incurred within three years as incurred in the year of commencement, subject to certification by a prescribed authority. It permits special in-house R&D deductions for eligible companies (notably biotechnology and certain manufacturers) excluding land/building costs, and deductions for approved payments to research entities, while preventing duplicate claims under other provisions and barring section 33(3) deductions for assets already deducted here. The enacted Act refines definitions and salary cross-references more expressly than the original Bill, increasing administrative control and potential compliance risk.
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