At item 13 enter interest expenditure as defined in subsection 73B(1) of ITAA 1936 and allowable as a deduction under subsection 73B(14A) of ITAA 1936. This item includes interest, or an amount in the nature of interest, incurred during the year of income in the financing of R&D activities.
You may need to adjust the amount of interest expenditure claimed in accordance with the prepayment provisions (sections 82KZL to 82KZMF of ITAA 1936).
End of attentionAt U and V enter the amount of interest expenditure as defined in subsection 73B(1) of ITAA 1936.
The amount at U must equal the amount at V otherwise, a warning message 'Your claim does not balance' will display in the Excel spreadsheet.
End of attentionMore information
For more information, see:
- subsection 73B(1) of ITAA 1936
- subsection 73B(14A) of ITAA 1936
- Guide to the R&D tax concession