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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS    View history reference

Division 83A - Employee share schemes    View history reference

Subdivision 83A-B - Immediate inclusion of discount in assessable income    View history reference

Guide to Subdivision 83A-B

SECTION 83A-15  What this Subdivision is about  

 View history reference

Generally, a discount you receive on shares, rights or stapled securities you acquire under an employee share scheme is included in your assessable income when you acquire the beneficial interest in those shares, rights or securities.

You may be entitled to reduce the amount included in your assessable income if you meet one of 2 sets of conditions.

If you are a foreign resident, only the part of the discount that relates to your employment in Australia is included in your assessable income.


TABLE OF SECTIONS

Operative provisions
 83A-20Application of Subdivision
 83A-25Discount to be included in assessable income
 83A-30Amount for which discounted ESS interest acquired
 83A-33Reducing amounts included in assessable income - start ups
 83A-35Reducing amounts included in assessable income - other cases
 83A-45Further conditions for reducing amounts included in assessable income


 



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