INCOME TAX ASSESSMENT ACT 1997
This section applies if:
(a) you granted, renewed or extended an option to create (including grant or issue) or *dispose of a *CGT asset; and
(b) another entity exercises the option; and
(c) because of the exercise of the option, you create (including grant or issue) or dispose of the CGT asset. 116-65(2)
The *capital proceeds from the creation (including grant or issue) or disposal include any payment you received for granting, renewing or extending the option. 116-65(3)
The payment can include giving property: see section 103-5 .
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