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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

Operative provisions

SECTION 83A-25  Discount to be included in assessable income  

 View history reference

83A-25(1)  

Your assessable income for the income year in which you acquire the *ESS interest includes the discount given in relation to the interest.

Note:

Regulations made for section 83A-315 may be relevant to working out whether you acquire the ESS interest at a discount.

83A-25(2)  

Treat an amount included in your assessable income under subsection (1) as being from a source other than an *Australian source to the extent that it relates to your employment outside Australia.

Note:

For the CGT treatment of employee share schemes, see Subdivision 130-D .


 



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