|
Group totals: aggregate research and development amount (B item 1 in part F) |
A |
$ |
|
Group totals: entity turnover (C item 1 in part F ) |
B |
$ |
If A is $2 million or less and B is less than $5 million, the company may choose to claim the R&D tax offset (see paragraphs 73J(1)(c) and (d) of the ITAA 1936). Note: For an early balancer with an income year that commences prior to 1 July 2009, A must be $1 million or less to meet the R&D tax offset eligibility requirement regarding the aggregate research and development amount. If such a company's aggregate research and development amount exceeds $1 million, the company will be ineligible for the R&D tax offset.
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 2010.
|
$ |
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: