Hi I really need help with this. I was awared an end of year bonus of $30,000 and elected to have the bonus awared as shares, not cash. Now the 1 year restriction period is up and ive elected to have them exercised at this point. My question is do i pay income tax on the $30,000 or is it based on the share price at exercise which will be alot higher than $30,000. Because I was technically only given a bonus of 30,000 and have not sold anything for a capital gain. Thankyou for your help.
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Hi @Tahj,
Nope!
When it comes time to dispose of the shares, for example sell them you'll work out the base cost. This's when you tell us the amount you paid for them. We'll work out the capital gain or loss when you lodge your tax return.
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Hi @Tahj,
Nope!
When it comes time to dispose of the shares, for example sell them you'll work out the base cost. This's when you tell us the amount you paid for them. We'll work out the capital gain or loss when you lodge your tax return.
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