Product Ruling PR 2005/114W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/114 is withdrawn with effect from today. 1. Product Ruling PR 2005/114 set out the Commissioner's opinion on the tax consequences for an investor who contributed capital money toward the production of the film entitled 'Vista Bay', provided investment funds totalling $2,626,978 (GST inclusive) were secured and the Investment Deed and Production and Investment Agreement was executed on or before 30 June 2006. 2. No capital contributions of money were received from investors on or before 30 June 2006. Therefore Product Ruling PR 2005/114 has no application as it does not rule on the tax consequences for any investor. Commissioner of Taxation 6 September 2006

Related rulings: IT 2111 PR 1999/95 TR 92/1 TR 92/20 TR 97/16 TR 98/22 TD 93/34
Legislative references: ITAA 1936 26AG ITAA 1936 26AG(9) ITAA 1936 79D ITAA 1936 82KL ITAA 1936 Pt III Div 5 ITAA 1936 Pt III Div 10BA ITAA 1936 124ZAA(6) ITAA 1936 124ZAB ITAA 1936 124ZAB(10) ITAA 1936 124ZAC ITAA 1936 124ZADA(1) ITAA 1936 124ZADA(2) ITAA 1936 124ZAFA ITAA 1936 124ZAFA(1)(a) ITAA 1936 124ZAFA(1)(b)(i) ITAA 1936 124ZAFA(1)(c)(i) ITAA 1936 124ZAFA(1)(c)(ii) ITAA 1936 124ZAFA(1)(d)(iii) ITAA 1936 124ZAFA(1)(d)(iv) ITAA 1936 124ZAFA(2) ITAA 1936 124ZAJ ITAA 1936 124ZAJ(1) ITAA 1936 124ZAM ITAA 1936 124ZAM(1) ITAA 1936 124ZAM(2) ITAA 1936 124ZAM(3) ITAA 1936 124ZAO ITAA 1936 124ZAO(2) ITAA 1936 124ZAO(3) ITAA 1936 160AFD(9) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 204 ITAA 1997 8-1 ITAA 1997 995-1 TAA 1953 8AAG TAA 1953 Pt IVAAA ANTS(GST)A 1999 Div 11 Copyright Act 1968 Corporations Act 2001 Corporations Act 2001 1012E Corporations Act 2001 1012E(2) Corporations Act 2001 1012E(5)
Subject references: Australian films film income film industry interest expenses product rulings public rulings schemes and shams tax administration tax avoidance