Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 112.37

Put options

                   The first element of the * cost base and * reduced cost base of a right to * dispose of a * share in a company that you * acquire as a result of * CGT event D2 happening to the company is the sum of:

                     (a)  the amount that is included in your assessable income as ordinary income as a result of your acquisition of the right; and

                     (b)  the amount (if any) that you paid to acquire the right.

Table of sections

112-40      Effect of this Subdivision

112-45      CGT events

112-46      Annual cost base adjustment for member's unit or interest in AMIT

112-48      Gifts acquired by associates

112-50      Main residence

112-53      Scrip for scrip roll-over

112-53AA             Statutory licences

112-53AB Change of incorporation

112-53A   MDO roll-over

112-53B    Exchange of stapled ownership interests for units in a unit trust

112-53C    Water entitlement roll-overs

112-54      Demergers

112-54A   Transfer of assets between certain trusts

112-55      Effect of you dying

112-60      Bonus shares or units

112-65      Rights

112-70      Convertible interests

112-77      Exchangeable interests

112-78      Exploration investments

112-80      Leases

112-85      Options

112-87      Residency

112-90      An asset stops being a pre-CGT asset

112-92      Demutualisation of certain entities

112-95      Transfer of tax losses and net capital losses within wholly-owned groups of companies

112-97      Modifications outside this Part and Part 3-3



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