Income Tax Assessment Act 1997



Division 355 - Research and Development  

Subdivision 355-G - Clawback of R & D recoupments, feedstock adjustments and balancing adjustments  

Guide to Subdivision 355-G

SECTION 355-430   What this Subdivision is about  

An amount is included in an R & D entity ' s assessable income if:

  • (a) the R & D entity receives a recoupment from government of expenditure on R & D activities for which it has obtained tax offsets under this Division; or
  • (b) the R & D entity can deduct under this Division expenditure on goods, materials or energy used during R & D activities to produce marketable products or products applied to the R & D entity ' s own use; or
  • (c) a balancing adjustment event happens for an asset held by the R & D entity (or an R & D partnership in which the R & D entity is a partner) for which tax offsets have been obtained under this Division and for which an amount is otherwise included in the R & D entity ' s (or R & D partnership ' s) assessable income.

    Operative provisions
    355-435 When this Subdivision applies
    355-440 R & D recoupments
    355-445 Feedstock adjustments
    355-446 Balancing adjustments for assets only used for R & D activities
    355-447 Balancing adjustments for assets partially used for R & D activities
    355-448 Balancing adjustments for R & D partnership assets only used for R & D activities
    355-449 Balancing adjustments for R & D partnership assets partially used for R & D activities
    355-450 Amount to be included in assessable income


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