Product Ruling PR 2002/135W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2002/135 is withdrawn with effect from 1 July 2007. 1. Product Ruling PR 2002/135 sets out the Commissioner's view on the income tax consequences for entities participating in the UBS Warburg Highly Geared ISS Series Instalment Warrants for cash applicants and secondary market purchasers. 2. From 1 July 2007, the recently enacted Division 247 of the Income Tax Assessment Act 1997 applies a different methodology for calculating the cost of capital protection for entities in the UBS Warburg Highly Geared ISS Series Instalment Warrants. PR 2002/135 therefore has no application to entities entering into the UBS Warburg Highly Geared ISS Series Instalment Warrants on or after 1 July 2007. Commissioner of Taxation 4 July 2007

Related rulings: TR 92/1 TR 92/20 TR 95/33 TR 97/16 TD 93/34 PR 1999/95
Legislative references: TAA 1953 Part IVAAA ITAA 1936 51AAA ITAA 1936 82KL ITAA 1936 82KZL(1) ITAA 1936 82KZL(2)(a) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZME(4) ITAA 1936 82KZME(5) ITAA 1936 82KZMF ITAA 1936 Subdiv H Div 3 Pt III ITAA 1936 97 ITAA 1936 Pt IVA ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 20-20 ITAA 1997 25-25 ITAA 1997 104-10 ITAA 1997 104-10(7) ITAA 1997 104-25 ITAA 1997 109-5 ITAA 1997 110-25 ITAA 1997 110-45(3) ITAA 1997 112-35 ITAA 1997 115-5 ITAA 1997 116-20 ITAA 1997 116-55 ITAA 1997 134-1 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1997 960-335 ITAA 1997 960-340 Copyright Act 1968
Subject references: financial products interest expenses prepaid expenses product rulings public rulings small business taxpayer taxation administration tax avoidance