INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS  

Division 83A - Employee share schemes  

Subdivision 83A-C - Deferred inclusion of gain in assessable income  

Main provisions

SECTION 83A-110   Amount to be included in assessable income  

83A-110(1)  
Your assessable income for the income year in which the *ESS deferred taxing point for the *ESS interest occurs includes the *market value of the interest at the ESS deferred taxing point, reduced by the *cost base of the interest.

Note:

Regulations made for the purposes of section 83A-315 may substitute a different amount for the market value of the ESS interest.

83A-110(2)  
Treat an amount included in your assessable income under subsection (1) as being from a source other than an *Australian source to the extent that it relates to your employment outside Australia.

Note:

For the CGT treatment of employee share schemes, see Subdivision 130-D .


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