Stuart is the chief financial officer of Brilliant Co, a company listed on the Singapore Stock Exchange. He was awarded 8,000 shares in Brilliant Co on 1 February 2022, which have a vesting period (restriction) and can only be sold after 2024. On the same day, Stuart exercised his share option to acquire another 12,000 shares. The share option of $2 per share was granted to Stuart on 1 February 2021 in recognition of his services in 2020. On 2 February 2022, Stuart sold the 12,000 shares. Share Price ($) 1 February 2021 5.00 1 February 2022 6.00 2 February 2022 6.50 What is Stuart's assessable income from the stock option exercised and shares awarded in the year of assessment 2023?

Answer rating: 100% (QA)

To calculate Stuarts assessable income from the stock option exercised and shares awarded in the yea... View the full answer