Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 112 - Modifications to cost base and reduced cost base  

Subdivision 112-B - Finding tables for special rules  

SECTION 112-85   Options  

Exercise of options
Item	In this situation:	Element affected:	See section:
1	Grantee of option acquires the CGT asset the subject of the option	First element of cost base and reduced cost base	134-1
.
2	Grantor of option acquires the CGT asset the subject of the option	For the grantor - the first element of cost base and reduced cost base; For the grantee - the second element of cost base and reduced cost base	134-1