Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 355.415

Expenditure reduced to reflect group mark-ups

                   For the purposes of step 1 of the method statement in subsection 355-415(2) of the Income Tax Assessment Act 1997 , also disregard amounts that have already been taken into account under former subsection 73B(14AA) of the Income Tax Assessment Act 1936 for the R&D entity, the grouped entity and the R&D activities for an earlier income year.

Table of sections

355-550    Prepayments of R&D expenditure extending into the 2011-12 income year



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