Product Ruling PR 2001/23W
Status: withdrawn







Preamble: The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Previous Rulings, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 . Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal notice: 1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2003. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, who entered into the specified arrangement prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in the persons' involvement in the arrangement. Commissioner of Taxation 21 March 2001

Related rulings: TR 94/13 TR 97/11 TR 97/16 PR 1999/95 PR 1999/27 TR 92/1 TR 92/20 TD 93/34 TR 98/22
Legislative references: ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 8-1(1)(a) ITAA 1997 8-1(1)(b) ITAA 1997 8-1(2)(a) ITAA 1997 Division 27 ITAA 1997 Division 35 ITAA 1997 35-10 ITAA 1997 35-10(1) ITAA 1997 35-10(2) ITAA 1997 35-10(3) ITAA 1997 35-10(4) ITAA 1997 35-25 ITAA 1997 35-30 ITAA 1997 35-35 ITAA 1997 35-40 ITAA 1997 35-45 ITAA 1997 35-55 ITAA 1997 35-55(1) ITAA 1997 35-55(1)(a) ITAA 1997 35-55(1)(b) ITAA 1997 Div 43 ITAA 1997 43-10 ITAA 1997 43-20 ITAA 1997 43-20(4) ITAA 1997 387-A ITAA 1997 387-55 ITAA 1997 387-60 ITAA 1997 387-B ITAA 1997 387-125 ITAA 1997 387-C ITAA 1997 387-125 ITAA 1997 387-130 ITAA 1997 387-150(3) ITAA 1997 387-165 ITAA 1997 387-170(3) ITAA 1997 387-185 ITAA 1997 388-55 ITAA 1997 Subdiv 960-Q ITAA 1997 960-335 ITAA 1997 960-340 ITAA 1997 960-345 ITAA 1997 960-350 ITAA 1997 995-1 ITAA 1997 995-1(1) ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KL(1) ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZM ITAA 1936 82KZM(1) ITAA 1936 82KZMA ITAA 1936 82KZMA(4) ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZMD(2) ITAA 1936 82KZME ITAA 1936 82KZME(4) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) ITAA 1936 91 ITAA 1936 92 ITAA 1936 Div 5 ITAA 1936 Part III ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ANTS(GST)A 99 Div 51
Subject references: carrying on a business commencement of business fee expenses horticulture irrigation expenses management fees expenses primary production primary production expenses primary production income producing assessable income product rulings public rulings schemes and shams tax administration tax avoidance tax benefits under tax avoidance tax shelters tax shelters project