Product Ruling PR 1999/59W
Status: withdrawn








Withdrawal notice: Product Ruling PR 1999/59 is withdrawn with effect from today. We have reviewed the Faraday Riding Vineyard Project and determined that the arrangement, as implemented, is materially different from that described in the Ruling on the following grounds: These features were not disclosed in the application for the Product Ruling. As a result, there is no class of persons to whom the Ruling applies. Commissioner of Taxation 27 June 2001

Related rulings: PR 98/1 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34
Legislative references: ITAA 1936 82KL ITAA 1936 82KZM ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 387A ITAA 1997 387B ITAA 1997 387-55 ITAA 1997 387-60 ITAA 1997 387-125 ITAA 1997 387-165 ITAA 1997 387-170 ITAA 1997 387-170(3) ITAA 1997 387-185 ITAA 1997 995-1(1)
Subject references: carrying on a business commencement of business fee expenses forestry interest expenses land clearing management fees expenses plantation forestry primary production primary production expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project timber industry