Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83A
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Employee share schemes
Subdivision 83A-C
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Deferred inclusion of gain in assessable income
Main provisions
SECTION 83A-125 83A-125 Tax treatment of ESS interests held after ESS deferred taxing points
For the purposes of this Act (other than this Division), the *ESS interest (and the *share or right of which it forms part) is taken to have been acquired immediately after the *ESS deferred taxing point for the interest for its *market value, unless the ESS deferred taxing point occurs at the time the interest is disposed of.
View history note
Hide history noteSECTION 83A-125 83A-125 Tax treatment of ESS interests held after ESS deferred taxing points
For the purposes of this Act (other than this Division), the *ESS interest (and the *share or right of which it forms part) is taken to have been acquired immediately after the *ESS deferred taxing point for the interest for its *market value, unless the ESS deferred taxing point occurs at the time the interest is disposed of.
Note:
Regulations made for the purposes of section 83A-315 may substitute a different amount for the market value of the ESS interest.
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