Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 355.415

    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