I was a temporary resident in Australia betweent the period 01/07/2010 to 31/12/2010.
I have exercised the options on 08/07/2010 and I have worked out the difference between Exercise Price and Market price = $15000. As a temporary
resident, i have then proportioned the amount of $15000 into Foreign exempt income $15000 @ 183 days / 365 days = $7500 and another $7500 as Assesable income.
Just wondering whether I should include the $7500 as Foreign Exempt income in my tax return Item 20?
On the ESS statement, it showed $15000 as Deferral schemes ITEM F.
I have exercised the options on 08/07/2010 and I have worked out the difference between Exercise Price and Market price = $15000. As a temporary
resident, i have then proportioned the amount of $15000 into Foreign exempt income $15000 @ 183 days / 365 days = $7500 and another $7500 as Assesable income.
Just wondering whether I should include the $7500 as Foreign Exempt income in my tax return Item 20?
On the ESS statement, it showed $15000 as Deferral schemes ITEM F.
