Table 19: Eligibility for tax offset

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

End of attention

If A is $2 million or less and B is less than $5 million, the company may choose to claim the R&D tax offset (see paragraphs 73J(1)(c) and (d) of the ITAA 1936). Note: For an early balancer with an income year that commences prior to 1 July 2009, A must be $1 million or less to meet the R&D tax offset eligibility requirement regarding the aggregate research and development amount. If such a company's aggregate research and development amount exceeds $1 million, the company will be ineligible for the R&D tax offset.

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 2010.

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: