Capital gains tax - Treatment of options for creating, granting or issuing assets

[carlau]

What happens when an "option" is created before 27 May 2005 for the purchase of a property and the option was exercised after 27 May 2005?

http://www.ato.gov.au/individuals/content.asp?doc=/content/76664.htm

Does this new ATO ruling only apply to options created and exercised after the above date?

Also if it’s your primary residence and an option was placed before 27 May 2005 and you have held your primary residence for longer then 12 months before any option was placed on it, does this new ruling apply?

What are the CGT implications of this or any, or does TD 94/89 ruling still apply in this case?

 

[carlau]

Bump: Anyone

 

[windsor]

What happens when an "option" is created before 27 May 2005 for the purchase of a property and the option was exercised after 27 May 2005?

http://www.ato.gov.au/individuals/content.asp?doc=/content/76664.htm

Does this new ATO ruling only apply to options created and exercised after the above date?

Also if it’s your primary residence and an option was placed before 27 May 2005 and you have held your primary residence for longer then 12 months before any option was placed on it, does this new ruling apply?

What are the CGT implications of this or any, or does TD 94/89 ruling still apply in this case?

Interesting would like to know myself also.