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Edited version of your private ruling
Authorisation Number: 1012492927367
Ruling
Subject: Eligibility to claim the R&D Tax Offset in the year ended 30 June 2011
Question 1
Is Company A eligible to claim a deduction for $X under subsection 73B(14) of the Income Tax Assessment Act 1936 (ITAA 1936) for the year ended 30 June 2011, for expenditure incurred on eligible direct costs?
Answer
Yes.
Question 2
Is Company A eligible to claim a deduction for $Y under subsection 73B(14) of the ITAA 1936 for the year ended 30 June 2011, for expenditure incurred on eligible apportionable expenses?
Answer
No.
Question 3
Is Company A eligible to claim a deduction for $Z under subsection 73BA(2) of the ITAA 1936 for the year ended 30 June 2011, for the decline in value of the Vehicle?
Answer
Yes.