Income Tax Assessment (1997 Act) Regulations 2021
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-E
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Miscellaneous
SECTION 83A-315.05
83A-315.05
WORKING OUT THE VALUE OF A RIGHT TO ACQUIRE THE BENEFICIAL INTEREST IN A SHARE
For the purposes of paragraph 83A-315.02(1)(b) , work out the value, on the particular day, of the right to acquire the beneficial interest in the share, using the following method statement. Method statement
Step 1:
Step 2:
For the purposes of paragraph 83A-315.02(1)(b) , work out the value, on the particular day, of the right to acquire the beneficial interest in the share, using the following method statement. Method statement
Step 1:
Apply the following formula. The result is the calculation percentage .
| Market value, on the particular day, of the share that is the subject of the right | × | 100% |
| Amount, or lowest amount, that must be paid to exercise the right |
Step 2:
If the calculation percentage is less than 50%, the value of the right is nil.
If the calculation percentage is equal to, or greater than, 50% but less than 110%, the value of the right is the value worked out under section 83A-315.08 .
If the calculation percentage is equal to, or greater than, 110%, the value of the right is the value worked out under section 83A-315.09 .
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