INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteIf, by virtue of subsection 26AAC(8C) , an amount is included in the assessable income of a taxpayer as a result of the acquisition by the taxpayer of a right to acquire shares in a company, the taxpayer shall be deemed, for the purposes of this Part to have paid, at the time when the taxpayer acquired the right, in respect of the acquisition of the right, an amount equal to the market value of the right at that time, reduced by so much of the reducing amount (if any) as is attributable to that right.
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