Product Ruling PR 2007/42W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2007/42 is withdrawn with effect from today. 1. Product Ruling PR 2007/42 sets out the Commissioner's opinion on the tax consequences of Farmers being accepted into the real Dairy Project No. 1 (the Project) for the purpose of carrying on the business of dairy farming. 2. No applications were accepted and the Project did not proceed. Therefore, Product Ruling PR 2007/42 has no application, as it does not rule on the tax consequences for any entity. Commissioner of Taxation 9 April 2008

Related rulings: TR 97/7 TR 97/11 TR 98/22 TR 2000/8 TR 2001/14 TR 2002/6 TR 2002/11
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZME(1) ITAA 1936 82KZME(2) ITAA 1936 82KZME(3) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1936 318 ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-10(4) 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 35-55(1)(b)(i) ITAA 1997 Subdiv 61-J ITAA 1997 Div 70 ITAA 1997 70-35 ITAA 1997 70-45 ITAA 1997 70-55 ITAA 1997 Div 328 ITAA 1997 328-285 ITAA 1997 328-285(1) ITAA 1997 328-285(2) ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G IT(TP)A 1997 328-120 IT(TP)A 1997 328-125 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 fee expenses management fees non-commercial losses producing assessable income product rulings public rulings tax avoidance taxation administration trading stock