At P enter the total amount of government recoupments of, or grants received in respect of, R&D expenditure for which the company is also claiming the R&D tax concession in the 2006-07 year of income. Exclude amounts received under CRC programs.
The clawback provisions (section 73C or 73CB of ITAA 1936) may operate on these amounts.
End of attentionFor instructions on the application of the clawback provisions, see the Guide to the R&D tax concession
End of further informationExpenditure to which clawback applies is entered in the 'Claimable at 100%' column in Part A of the schedule. Include any income from grants at item 6 label Q 'Assessable government Industry payments' on the Company tax return 2007.