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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 99 sets taxable values for securities: options (premium or intrinsic), futures (trade price), and other securities (sale price)</h1> Section 99 fixes the taxable value of securities transactions: for options in securities the value is the option premium for one class of option transactions and the intrinsic value (settlement price minus strike price) for another; for futures the value is the traded futures price; and for all other securities transactions the value is the actual purchase or sale price. The statute empowers the Board to prescribe, by rule, methods for determining price where necessary, taking account of settlement practices on recognised stock exchanges and other relevant factors.
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