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Takeover/restructure roll-over relief for employee shares and options generally

Publication date: 17 Aug 05 | Source: CAPITAL GAINS TAX BULLETIN

Issue: No 2 17 August 2005

Pages: pp. 4-20


The long-awaited roll-over of the taxing time for employee shares and options that are "exchanged" as part of a takeover or restructure is now law, with effect from 1 July 2004. The roll-over is contained in amendments to the tax law contained in Tax Laws Amendment (2004 measures No 7) Act 2005.

These new provisions were recommended in the Nelson Report on employee share ownership, which was released in October 2000 and on which the Government responded in March 2003.

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Sarah Bernhardt CTA
Sarah has been a Partner in the Tax Group at Allens since 1998 and in that time has advised clients on a wide range of complex income tax issues. Sarah is both a lawyer and a chartered accountant with over 25 years of tax experience. - Current at 15 October 2014
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Suzanne Holstein
Suzanne is a Senior Associate at Allens. - Current at 13 March 2013
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