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


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