Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83A
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Employee share schemes
Subdivision 83A-B
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Immediate inclusion of discount in assessable income
Operative provisions
SECTION 83A-25 Discount to be included in assessable income 83A-25(1)
Your assessable income for the income year in which you acquire the *ESS interest includes the discount given in relation to the interest.
83A-25(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.
View history note
Hide history noteSECTION 83A-25 Discount to be included in assessable income 83A-25(1)
Your assessable income for the income year in which you acquire the *ESS interest includes the discount given in relation to the interest.
Note:
Regulations made for section 83A-315 may be relevant to working out whether you acquire the ESS interest at a discount.
83A-25(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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