Income tax: what is the approved form of an election under subsection 139E(1) of the Income Tax Assessment Act 1936 ('the Act') so that it applies to all shares or rights acquired in an income year under a qualifying employee share acquisition scheme?
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Notice of Withdrawal
1. TD 97/23 provided the approved form for an election under subsection 139E(1) of the Income Tax Assessment Act 1936 (ITAA 1936) to have any discounts from the market price of qualifying shares and qualifying rights taxed at the time the shares or rights were acquired, rather than when any restrictions on those shares or rights ceased.
Commissioner of Taxation
20 December 2016
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acquisition of shares
employee share ownership