Tax Laws Amendment (2008 Measures No. 3) Act 2008 (91 of 2008)
Schedule 1 Shareholder and unitholder rights
Income Tax Assessment Act 1997
7 At the end of Subdivision 112-A
Add:
112-37 Put options
The first element of the*cost base and*reduced cost base of a right to *dispose of a *share in a company that you *acquire as a result of *CGT event D2 happening to the company is the sum of:
(a) the amount that is included in your assessable income as ordinary income as a result of your acquisition of the right; and
(b) the amount (if any) that you paid to acquire the right.
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