Pre 29 January 2001 disposal profits
(relevant to Australian owned R&D only)
Plant balancing adjustments (profits)
If the consideration receivable is greater than the written-down value of the unit of plant (paragraph 73B(23)(f) of the ITAA 1936), include at item 8 the amount by which the consideration exceeds the written-down value, up to the limit of the difference between the cost of the plant and its written-down value.
At E and F include the amount of any assessable balancing adjustment (assessable income).
The amount at E must equal the amount at F.
Balancing adjustments sale of pilot plant (profits)
If the consideration receivable is greater than the written-down value of the unit of post 23 July 1996 pilot plant (paragraph 73B(24B)(f) of the ITAA 1936), include the amount by which the consideration exceeds the written-down value, up to a limit of the difference between the cost of the plant and its written-down value. Include this amount in the calculation of the net base amount at item 8.
At E and F, include the amount of any assessable balancing adjustment (assessable income).
The amount at E must equal the amount at F.
For more information, see:
- Subsections 73B(1), 73B(4B), 73B(15AA), 73B(23) and 73B(24B) of the ITAA 1936
- Guide to the R&D tax concession.