Which of the following statements regarding employee share plans is false?
A)The Commonwealth Government provides tax concessions where shares are issued to employees at a discount.
B)An employee's gains under an employee share plan are taxable if the shares are purchased after 28 March 1995.
C)Tax concessions are available if an employee purchases a qualifying share.
D)Fringe benefits tax,capital gains tax and payroll tax are applicable under an employee share plan.

Question

Quizplus · Accepted Answer

Fringe benefits tax, capital gains tax, and payroll tax are not applicable under an employee share plan. The other statements mentioned in options A, B, and C are true.

Which of the Following Statements Regarding Employee Share Plans Is