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Item 4 Refundable tax offset

Last updated 20 December 2012

If you answered 'No' to items 1 and 2 of Part E, you can claim the refundable tax offset.

Write at label Z1 'Total notional R&D deductions' the amount shown at label Z of Part A, Item 11.

Write at label U 'Refundable R&D tax offset' the amount calculated by multiplying the amount you have shown at label Z1 'Total notional R&D deductions' by 45%.

Transfer the amount at label U to the Company tax return 2012, item 22 label U 'Refundable R&D tax offset'.

You do not need to complete item 5.

QC26005