Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 83A.110

Amount to be included in assessable income

             (1)  Your assessable income for the income year in which the * ESS deferred taxing point for the * ESS interest occurs includes the * market value of the interest at the ESS deferred taxing point, reduced by the * cost base of the interest.

Note:          Regulations made for the purposes of section 83A- 315 may substitute a different amount for the market value of the ESS interest.

             (2)   Treat an amount included in your assessable income under subsection (1) as being from a source other than an * Australian source to the extent that it relates to your employment outside Australia.

Note:          For the CGT treatment of employee share schemes, see Subdivision 130-D.



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