• Item 13 Interest or amounts in the nature of interest

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    At item 13 enter interest expenditure as defined in subsection 73B(1) of ITAA 1936 and allowable as a deduction under subsection 73B(14A) of ITAA 1936. This item includes interest, or an amount in the nature of interest, incurred during the year of income in the financing of R&D activities.

    Attention

    You may need to adjust the amount of interest expenditure claimed in accordance with the prepayment provisions (sections 82KZL to 82KZMF of ITAA 1936).

    End of attention

    At U and V enter the amount of interest expenditure as defined in subsection 73B(1) of ITAA 1936.

    Attention

    The amount at U must equal the amount at V otherwise, a warning message 'Your claim does not balance' will display in the Excel spreadsheet.

    End of attention

    More information

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    Last modified: 24 Jun 2008QC 18884