Row |
Calculation element |
Amount |
|---|---|---|
A |
Group totals: aggregate research and development amount (B item 1 in part F) |
$ |
B |
Group totals: entity turnover (C item 1 in part F) |
$ |
If A is $1,000,000 or less and B is less than $5,000,000, the company may choose to claim the R&D tax offset (see paragraphs 73J(1)(c) and (d) of the ITAA 1936).
If the company is ineligible to claim the offset, print X in the No box at the top of part F, and no further action is required.
If the company chooses to take the offset, print X in the Yes box at the top of part F, and calculate the amount of deductions eligible for the R&D offset in accordance with table 21, unless there is a balancing adjustment on the disposal of plant or pilot plant included at E item 8, K item 10, or P item 11 in part A. In this event, read below.
Balancing adjustment
If there is a balancing adjustment on the disposal of plant or pilot plant, follow these steps before completing (g) in table 21:
Step 1 Write here the amount at L item 17 in part A of the Research and development tax concession schedule 2009.
Step 2 Write here the amounts from the following labels in part A of the research and development tax concession schedule that were included in the calculation of L in part A:
Table 20
Row |
Calculation element |
Amount |
|---|---|---|
(a) |
N item 10 |
$ |
(b) |
O item 10 × 1.25 |
$ |
(c) |
Q item 11 |
$ |
(d) |
R item 11 × 1.25 |
$ |
(e) |
E item 8 |
$ |
(f) |
Total (a + b − c − d − e ) |
$ |
Step 3 Subtract the amount at (f) in step 2 from the amount at step 1. Show the answer at (g) in table 21.
Table 21: Calculation of the amount of deductions eligible for the R&D tax offset
Row |
Calculation element |
Amount |
|---|---|---|
(g) |
R&D claim: L from part A or the amount from step 3, if applicable |
$ |
(h) |
Australian owned R&D - extra incremental 50% deduction: M in part D of the Research and development tax concession schedule 2009 |
$ |
C |
Amount eligible for R&D tax offset (g + h). |
$ |
Transfer the amount at C in table 21 to:
- (i) in table 22
- Y item 2 in part F of the Research and development tax concession schedule 2009, and
- YR&D tax offset, if chosen item 7 on page 3 of the Company tax return 2009.
Note: If you write an amount at Y R&D tax offset, if chosen item 7 on page 3 of the Company tax return 2009, the company may be taken to have chosen the R&D tax offset instead of the tax deduction. If you do not wish to choose the tax offset, do not show any amount at Y R&D tax offset, if chosen.
Calculate the amount of the R&D tax offset the company can claim as follows, using table 22:
Amount eligible for tax offset × 30%
which is the amount at Y R&D tax offset, if chosen, multiplied by 30%.