Document ID: chunk:federal_register_of_legislation:C2014C00751:clause:1_27
Version: federal_register_of_legislation:C2014C00751
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 58756–59294

27  Subsections 104‑145(7) and (8)
Repeal the subsections, substitute:
 (7) You cannot choose to make a *capital loss for a *share, or a right to acquire a beneficial interest in a share, if:
 (a) you acquired the beneficial interest (the ESS interest) in the share or right under an *employee share scheme; and
 (b) subsequent to an amount being included in your assessable income under Division 83A (about employee share schemes) in relation to the ESS interest, section 83A‑310 (about forfeiture) applies in relation to ESS interest.