Write at item 7 'R&D assets - Decline in value' the decline in value amount notionally deductible under subdivision 355-E of the ITAA 1997 for depreciating assets used in R&D activities.
Separate your decline in value amount at item 7 between Australian owned R&D activities (label M) and foreign owned R&D activities (label N).
You cannot claim these amounts on R&D activities unless your total notional deduction amount is at least $20,000.
For further information about what amounts may be claimed for 'Decline in value' under the R&D tax incentive, see Decline in value of assets used for conducting R&D activities in our guide Research and development tax incentive - amounts you can claim.
End of further information