The ATO on Wed 16.4.2014, released Class Ruling CR 2014/39: Income tax: Microsoft Corporation 2001 Stock Plan.
- The Ruling states that the Stock Awards (SAs) acquired by Participants under the Microsoft Corporation 2001 Stock Plan are ESS interests for the purposes of s 83A-10(1) of the ITAA 1997 and that Subdiv 83A-C applies in relation to the SAs. No amount will be included in a Participant’s assessable income in relation to the SAs until the ESS deferred taxing point occurs.
[LTN 73, 16/4/14]