Income Tax Assessment Act 1997
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| 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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