• Item 5 Non refundable tax offset

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    If you answered 'Yes' to item 1 or item 2 of Part E, you can claim the non-refundable tax offset.

    Write at label Z2 'Total notional R&D deductions' the amount shown at label Z of Part A, item 11.

    Write at label A 'Non-refundable R&D tax offset' the amount calculated by multiplying the amount you have shown at label Z2 'Total notional R&D deductions' by 40%.

    Transfer the amount at label A to the Company tax return 2012, item 22 label A Non-refundable R&D tax offset.

    Last modified: 21 Dec 2012QC 26005