Product Ruling PR 2008/46W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2008/46 is withdrawn with effect from today. 1. Product Ruling PR 2008/46 was to rule on the income tax consequences for Growers accepted into the Curtis Eastern Project (the Project) from 21 May 2008 to 30 June 2008 inclusive. Growers were to participate in the business of commercial growing and cultivation of Pinus radiata trees for the purpose of harvesting and selling timber. 2. The Project did not commence as no interests in the Project were sold. Therefore PR 2008/46 will have no application as it will not rule on the tax consequences for any taxpayer. Commissioner of Taxation 23 July 2008

Related rulings: TR 97/7 TR 97/11 TR 98/22 TR 2000/8 TR 2007/6 TD 2003/12
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZME ITAA 1936 82KZMF ITAA 1936 82KZMG ITAA 1936 82KZMG(1) ITAA 1936 82KZMG(2) ITAA 1936 82KZMG(3) ITAA 1936 82KZMG(4) ITAA 1936 82KZMGA ITAA 1936 82KZMGA(1) ITAA 1936 82KZMGA(2) ITAA 1936 82KZMGB ITAA 1936 82KZMGB(1)(d) ITAA 1936 82KZMGB(2) ITAA 1936 82KZMGB(3) ITAA 1936 Pt IVA ITAA 1936 170 ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1997 6-5 ITAA 1997 6-10 ITAA 1997 8-1 ITAA 1997 10-5 ITAA 1997 17-5 ITAA 1997 25-25 ITAA 1997 25-25(1) ITAA 1997 25-25(4) ITAA 1997 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-55 ITAA 1997 35-55(1)(b) ITAA 1997 Pt 3-1 ITAA 1997 118-20 ITAA 1997 328-110 ITAA 1997 995-1 SISA 1993 TAA 1953 TAA 1953 Sch 1 357-75(1) Copyright Act 1968 Corporations Act 2001 761G Conveyancing Act 1919 (NSW) 87A
Case references: Commissioner of Taxation v. Lau (1984) 6 FCR 202 84 ATC 4929 (1984) 16 ATR 55
Subject references: advance deductions and expenses for certain forestry expenses carrying on a business commencement of a business fee expenses forestry agreement interest expenses management fees non-commercial losses producing assessable income product rulings public rulings seasonally dependent agronomic activities tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project taxation administration