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INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 83A.315.05

Working out the value of a right to acquire the beneficial interest in a share

                   For the purposes of paragraph 83A-315.02(1)(b), work out the value, on the particular day, of the right to acquire the beneficial interest in the share, using the following method statement.

Method statement

Step 1:   Apply the following formula. The result is the calculation percentage .

                

Step 2:   If the calculation percentage is less than 50%, the value of the right is nil.

              If the calculation percentage is equal to, or greater than, 50% but less than 110%, the value of the right is the value worked out under section 83A-315.08.

              If the calculation percentage is equal to, or greater than, 110%, the value of the right is the value worked out under section 83A-315.09.


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