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  • Table 19: Eligibility for tax offset

    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

    Row

    Calculation element

    Amount

    A

    Group totals: aggregate research and development amount (B item 1 in part F)

    $

    B

    Group totals: entity turnover (C item 1 in part F)

    $

    If A is $1,000,000 or less and B is less than $5,000,000, the company may choose to claim the R&D tax offset (see paragraphs 73J(1)(c) and (d) of the ITAA 1936).

    If the company is ineligible to claim the offset, print X in the No box at the top of part F, and no further action is required.

    If the company chooses to take the offset, print X in the Yes box at the top of part F, and calculate the amount of deductions eligible for the R&D offset in accordance with table 21, unless there is a balancing adjustment on the disposal of plant or pilot plant included at E item 8, K item 10, or P item 11 in part A. In this event, read below.

    Balancing adjustment

    If there is a balancing adjustment on the disposal of plant or pilot plant, follow these steps before completing (g) in table 21:

    Step 1 Write here the amount at L item 17 in part A of the Research and development tax concession schedule 2009.

    Step 2 Write here the amounts from the following labels in part A of the research and development tax concession schedule that were included in the calculation of L in part A:

    Table 20

    Row

    Calculation element

    Amount

    (a)

    N item 10

    $

    (b)

    O item 10 × 1.25

    $

    (c)

    Q item 11

    $

    (d)

    R item 11 × 1.25

    $

    (e)

    E item 8

    $

    (f)

    Total (a + b − c − d − e )

    $

    Step 3 Subtract the amount at (f) in step 2 from the amount at step 1. Show the answer at (g) in table 21.

    Table 21: Calculation of the amount of deductions eligible for the R&D tax offset

    Row

    Calculation element

    Amount

    (g)

    R&D claim:

    L from part A or the amount from step 3, if applicable

    $

    (h)

    Australian owned R&D - extra incremental 50% deduction:

    M in part D of the Research and development tax concession schedule 2009

    $

    C

    Amount eligible for R&D tax offset

    (g + h).

    $

    Transfer the amount at C in table 21 to:

    Note: If you write an amount at Y R&D tax offset, if chosen item 7 on page 3 of the Company tax return 2009, the company may be taken to have chosen the R&D tax offset instead of the tax deduction. If you do not wish to choose the tax offset, do not show any amount at Y R&D tax offset, if chosen.

    Calculate the amount of the R&D tax offset the company can claim as follows, using table 22:

    Amount eligible for tax offset × 30%

    which is the amount at Y R&D tax offset, if chosen, multiplied by 30%.

    Last modified: 12 Aug 2020QC 21746