Product Ruling PR 1999/86W
Status: withdrawn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, 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 This Product Ruling is withdrawn and ceases to have effect after 30 June 2000. 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, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the persons' involvement in the arrangement. Commissioner of Taxation 30 June 1999 No draft issued

Related rulings: PR 98/1 TR 92/1 TR 97/11 TR 97/16 TD 93/34
Legislative references: ITAA1936 82KH(1) ITAA1936 82KH(1F)(b) ITAA1936 82KL ITAA1936 82KL(1) ITAA1936 82KZM ITAA1936 Pt IVA ITAA1936 177A ITAA1936 177C ITAA1936 177D ITAA1936 177D(b) ITAA1997 6-5 ITAA1997 8-1 ITAA1997 387-C ITAA1997 387-165 ITAA1997 387-170 ITAA1997 387-170(3) ITAA1997 995-1(1)
Case references: FC of T v. Raymor (NSW) Pty Ltd 90 ATC 4461 (1990) 21 ATR 458
Subject references: carrying on a business commencement of business fee expenses Management fees expenses Land Use fees primary production primary production expenses producing assessable income product rulings public rulings schemes and shams Seeds/Seedlings fees taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project