Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 112.85

Options

 

Exercise of options

Item

In this situation:

Element affected:

See section:

1

Grantee of option acquires the CGT asset the subject of the option

First element of cost base and reduced cost base

134 - 1

2

Grantor of option acquires the CGT asset the subject of the option

For the grantor--the first element of cost base and reduced cost base;

For the grantee--the second element of cost base and reduced cost base

134 - 1


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