On Wed 18.7.2018, the ATO issued Class Ruling CR 2018/32 (Mantra Group Limited – Employee Share Scheme – Tax Exempt Share Plan Shares disposed of under Scheme of Arrangement). This ruling considers the application of the employee share scheme rules in Div 83A of the ITAA97 to employees of Mantra Group Limited whose shares in the company were acquired by AAPC Limited.

DATE OF EFFECT: 1 July 2015 to 30 June 2018.

[LTN 136, 18/7/18; Tax Month – July 2018]

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