INCOME TAX ASSESSMENT ACT 1997
Generally, a discount you receive on shares, rights or stapled securities you acquire under an employee share scheme is included in your assessable income when you acquire the beneficial interest in those shares, rights or securities.
You may be entitled to reduce the amount included in your assessable income if you meet one of 2 sets of conditions.
If you are a foreign resident, only the part of the discount that relates to your employment in Australia is included in your assessable income.
|83A-20||Application of Subdivision|
|83A-25||Discount to be included in assessable income|
|83A-30||Amount for which discounted ESS interest acquired|
|83A-33||Reducing amounts included in assessable income - start ups|
|83A-35||Reducing amounts included in assessable income - other cases|
|83A-45||Further conditions for reducing amounts included in assessable income|