Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.