Product Ruling PR 2007/77W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2007/77 is withdrawn with effect from today. 1. PR 2007/77 set out the Commissioner's opinion on the tax consequences of Growers accepted into the NTT Mahogany 2006-2008 Project (the Project) for the purpose of carrying on the business of afforestation. 2. No applications were accepted and the Project did not proceed. Therefore, PR 2007/77 has no application, as it does not rule on the tax consequences for any entity. Commissioner of Taxation 3 September 2008

Related rulings: TD 2003/12 TR 97/7 TR 97/11 TR 98/22 TR 2000/8 TR 2007/6 PR 2006/34 PR 2006/35 PR 2006/100 PR 2006/101 PR 2006/101A PR 2007/43
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZMF ITAA 1936 82KZMG ITAA 1936 82KZMG(1) ITAA 1936 82KZMG(2) ITAA 1936 82KZMG(3) ITAA 1936 82KZMG(4) ITAA 1936 82KZMGA ITAA 1936 82KZMGA(1) ITAA 1936 82KZMGA(2) ITAA 1936 82KZMGB ITAA 1936 82KZMGB(1)(d) ITAA 1936 82KZMGB(2) ITAA 1936 82KZMGB(3) ITAA 1936 170 ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1997 6-5 ITAA 1997 6-10 ITAA 1997 8-1 ITAA 1997 10-5 ITAA 1997 17-5 ITAA 1997 25-25 ITAA 1997 25-25(1) ITAA 1997 25-25(4) ITAA 1997 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-55 ITAA 1997 35-55(1)(b) ITAA 1997 Pt 3-1 ITAA 1997 118-20 ITAA 1997 328-110 TAA 1953 TAA 1953 Sch 1 357-75(1) SISA 1993 Copyright Act 1968 Corporations Act 2001
Case references: Commissioner of Taxation v. Lau (1984) 6 FCR 202 84 ATC 4929 (1984) 16 ATR 55
Subject references: carrying on a business commencement of business management fee expenses non-commercial losses primary production primary production expenses producing assessable income product rulings public rulings schemes and shams tax avoidance tax benefits under tax avoidance schemes tax shelters taxation administration