Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.25

Discount to be included in assessable income

             (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.

             (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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