Residual feedstock expenditure
(relevant to Australian owned R&D only)
Residual feedstock expenditure is the lesser amount of the company's feedstock input and feedstock output for Australian owned R&D in the year of income.
If feedstock inputs are:
- greater than feedstock outputs, write the outputs amount at W Residual feedstock expenditure
- less than feedstock outputs, write the inputs amount at W Residual feedstock expenditure.
This is the residual feedstock expenditure, as defined in subsection 73B(1) of the ITAA 1936.
Note: The residual feedstock expenditure will not be deductible at the concessional rate. It is claimable at 100%. Subsection 73B(14B) of the ITAA 1936 allows a deduction for residual feedstock expenditure.
At W and X write the amount of residual feedstock expenditure.
The amount at W must equal the amount at X.