I believe the R&D "tax incentive" refers to the ATO R&D Tax Incentive program run by the Aust Govt - ergo the reference above in the Qtrly does not refer to any funding from the UK Govt.
Claiming the ATO tax incentive is usually a year or two behind. So the claim they refer to above probably relates to expenditure incurred during 2022 or 2023.
The claim would be considerable relative to IXR, because we know IXR has spent considerable funds on Ionic Tech. I am pretty sure that spending in Belfast qualifies as it is incurred on behalf of IXR which is an Aust tax paying entity (albeit it has not paid any tax to date).
The tax incentive is a percentage of R&D expenditure.
Happy to be corrected.
IXR Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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