• Item 4 Refundable 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.

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    If you answered 'No' to items 1 and 2 of Part E, you can claim the refundable tax offset.

    Write at label Z1 'Total notional R&D deductions' the amount shown at label Z of Part A, Item 11.

    Write at label U 'Refundable R&D tax offset' the amount calculated by multiplying the amount you have shown at label Z1 'Total notional R&D deductions' by 45%.

    Transfer the amount at label U to the Company tax return 2012, item 22 label U 'Refundable R&D tax offset'.

    You do not need to complete item 5.

    Last modified: 21 Dec 2012QC 26005