INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 83A - Employee share schemes  

REGULATION 83A-315.01   DETERMINING THE VALUE OF A RIGHT  

83A-315.01(1)  


For subsection 83A-315 of the Act, the amount, in relation to an unlisted right that must be exercised within 15 years after the day when the beneficial interest in the right was acquired is, at the choice of the individual:


(a) the market value of the right; or


(b) the amount determined by the application of regulations 83A-315.02 to 83A-315.09 .

83A-315.01(2)  
However, if the ESS deferred taxing point for an ESS interest is:


(a) the day when the individual disposes of the interest (other than by exercising the right); or


(b) if the individual exercises the right - the day when the individual disposes of the beneficial interest in the share;

the amount is the market value of the right or share.




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