• PART B Amount of expenditure on the following items

    Item 1 Cooperative research centre contributions

    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 I item 1 enter the amount of any contributions to cooperative research centres (CRCs) that the company has made during the year of income.

    Item 2 Trading stock expenditure

    At J item 2 enter the total of any trading stock expenditures that were included as base amounts in items 1 to 5 of Part A Calculation of research and development deduction. Trading stock expenditures are expenditures incurred in connection with acquiring trading stock.

    Item 3 Royalties paid to non-residents for the use of core technology

    At K item 3 enter the total of any royalties paid for core technology used in R&D activities.

    Item 4 Total expenditure on plant and depreciating assets

    At N item 4 enter the total of any expenditure incurred in this income year on purchasing any items of plant or depreciating assets used in R&D activities.

    Item 5 Total expenditure on core technology

    At O item 5 enter the total of any expenditure incurred in this financial year on core technology that was used in R&D activities.

    Item 6 Building expenditure and other adjustments required to calculate the company's aggregate R&D amount

    At X item 6 enter other amounts not included in Part A that are needed to calculate the company's aggregate R&D amount. These amounts form part of the aggregate research and development amount even though they are not deductible under 73B of the ITAA 1936.

    These include:

    • the total amount of any capital expenditure on buildings used for the purpose of carrying on R&D activities, deductible under Division 43 of ITAA 1997, and
    • for companies that are lodging a return regarding income and deductions for a period before or after they joined a consolidated group the additional aggregate research and development amount calculated in accordance with section 716-850 of ITAA 1997
    Attention

    These items are not eligible for a deduction under the R&D tax concession but form part of the aggregate R&D amount (subsection 73B(1) of ITAA 1936).

    End of attention
    Attention

    Only complete this part if the company chooses the R&D tax offset.

    End of attention

    At X item 6 also record any positive or negative adjustments that may need to be made where a company has a transitional accounting period and the amounts reported in Part A relate to a period that is less than or greater than 12 months. At X you can record the necessary adjustments to those amounts for the purpose of calculating the aggregate R&D amount. The aggregate R&D amount is calculated using the 12-month period that is the tax offset year (ATOID 2003/989).

    Last modified: 24 Jun 2008QC 18884