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Write at item 7 'R&D assets - Decline in value' the decline in value amount notionally deductible under subdivision 355-E of the ITAA 1997 for depreciating assets used in R&D activities.
Separate your decline in value amount at item 7 between Australian owned R&D activities (label M) and foreign owned R&D activities (label N).
You cannot claim these amounts on R&D activities unless your total notional deduction amount is at least $20,000.
Last modified: 21 Dec 2012QC 26005