Table 5: Calculation of the reduced expenditure on foreign owned R&D for Y0 year of income

Company 1

Company 2

Company 3

Foreign owned R&D expenditure from part A of the Research and development tax concession schedule 2011 (step 3.1.1)

A

$

$

$

Adjustments to foreign owned R&D expenditure (step 3.1.2)

B

$

$

$

Expenditure on foreign owned R&D (A + B)

C

$

$

$

Receipt of grants - initial clawback amount attributable to incremental expenditure (step 3.1.3)

D

$

$

$

Reduced expenditure on foreign owned R&D (step 3.1.4)

(C - D) (Write 0 if negative.)

E

$

$

$

Transfer the amount at E for each company to:

• column A, for each company, in table 4 above
• item 1 in part E of the Research and development tax concession schedule 2011 or additional table (if used) for the Y0 year of income, and
• F in table 6 of these instructions (for the Y0 year).