A new regime (Division 83A) has been introduced to tax the acquisition of shares and options under employee share arrangements.
This paper covers:
Schemes - The New Rules held in Adelaide on 16 March 2010.
This paper covers:
- the default position - taxed at time of acquisition
- $1,000 reduction available under broad based schemes
- deferral of taxing point where there is a "real risk of loss"
- revised timing of deductions for employers
- new reporting obligations directly impacting on employers
- likely audit activity around employee share plans (directly impacting on employees)
- what is happening with valuation rules?
Schemes - The New Rules held in Adelaide on 16 March 2010.