INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.110 Amount to be included in assessable income

INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.110

  (1)   Your assessable income for the income year in which the * ESS deferred taxing point for the * ESS interest occurs includes the * market value of the interest at the ESS deferred taxing point, reduced by the * cost base of the interest.

Note:   Regulations made for the purposes of section   83A - 315 may substitute a different amount for the market value of the ESS interest.

  (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.