s 355-415
In forceExpenditure reduced to reflect group mark‑ups
Chapter 3Specialist liability rules
Part 3-45Rules for particular industries and occupations
Division 355Research and Development
Subdivision 355-FIntegrity rules
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.
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