(relevant to Australian owned and foreign owned R&D)
Item 1
Entitlement to government grants and recoupments for the financial year that relate to activities and projects claimed above
At P item 1 write the total amount of relevant Australian government recoupments of, or grants received in respect of, expenditure on R&D for which the company is claiming the R&D tax concession (for Australian owned or foreign owned R&D) in the 2009 year of income. Exclude amounts received under CRC programs.
Note: The clawback provisions (section 73C of the ITAA 1936) may operate on these amounts to reduce your entitlement to the additional 25% concession in respect of relevant expenditure on Australian owned R&D. For instructions on the application of the clawback provisions, see Research and development tax concession.
Expenditure to which clawback applies should be shown in the 'Claimable at 100%' column in part A of the research and development tax concession schedule for Australian owned R&D activities (column 2). Include any income from grants in the Company tax return 2009 at Income, Q Assessable government industry payments item 6 Calculation of total profit or loss.
Item 2
Grants and recoupments attributable to incremental expenditure on Australian owned R&D
At A item 2 show the total amounts of government grants and recoupments attributable to incremental expenditure on Australian owned R&D.
Item 3
Grants and recoupments attributable to expenditure on foreign owned R&D
At F item 3 show the total amounts of government grants and recoupments attributable to expenditure on foreign owned R&D.
Note: The amounts included at A item 2 and F item 3 are used to calculate the relevant expenditure to be used in determining entitlement to the Australian owned R&D - extra incremental 50% deduction and the Foreign owned R&D - extra incremental 75% deduction on the Company tax return 2009. If you are not claiming any of these deductions, you do not need to complete A item 2 or F item 3. For more information about the effect of grants on the calculation of your entitlement to either of these deductions, see Research and development tax concession.