Table 2.3: Calculation of the reduced expenditure on Australian owned R&D for the Y-2 year of income

Company 1

Company 2

Company 3

Incremental expenditure (step 2.1.1)

A

$

$

$

Adjustments to incremental expenditure (step 2.1.2)

B

$

$

$

Receipt of grants - initial clawback amount attributable to incremental expenditure (step 2.1.3)

C

$

$

$

Reduced expenditure on Australian owned R&D (step 2.1.4)

(A + B - C) (Write 0 if negative.)

D

$

$

$

Transfer the amount at D for each company to:

• table 1 or additional table (if used) of these instructions, for each relevant company for the year of income
• item 1 in part D of the Research and development tax concession schedule 2010 or additional table (if used) for the company, for the year of income, and
• B in table 3 of these instructions.