Income Tax Assessment Act 1997
If there is a real risk you might forfeit the share, right or stapled security you acquired under an employee share scheme, you don ' t include the discount in your assessable income when you acquired it. Instead, in the first income year you are able to dispose of the share, right or security, your assessable income will include any gain you have made to that time. If you cease employment earlier, or if 15 years pass, the gain is included in that income year instead.
This deferred taxing point can also apply to:
|83A-105||Application of Subdivision|
|83A-110||Amount to be included in assessable income|
|83A-115||ESS deferred taxing point - shares|
|83A-120||ESS deferred taxing point - rights to acquire shares|
|83A-125||Tax treatment of ESS interests held after ESS deferred taxing points|
|Takeovers and restructures|
|83A-130||Takeovers and restructures|
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