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

    R&D claim:

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

    (g)

    $

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

    M in part D of the Research and development tax concession schedule 2011

    (h)

    $

    Amount eligible for R&D tax offset

    (g + h).

    C

    $

    Transfer the amount at C in table 21 to:

    Attention

    If you write an amount at Y R&D tax offset, if chosen item 7 on page 5 of the Company tax return 2011, 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.

    End of attention

    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 item 7, multiplied by 30%.

    Last modified: 01 Jun 2011QC 24211