Product Ruling PR 2005/106W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/106 is withdrawn with effect from today. 1. Product Ruling PR 2005/106 sets out the Commissioner's opinion on the tax consequences for persons participating in the Limestone Coast Vignettes Project - 2006 Mature Vignette Owners (to 31 March 2006) ('the Project') for the purpose of carrying on a commercial viticulture project. 2. The minimum subscription was not met and the Project did not proceed. Therefore, Product Ruling PR 2005/106 has no application as it does not rule on the tax consequences for any taxpayer. Commissioner of Taxation 18 January 2006

Related rulings: PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TR 98/22 TR 2000/8 TR 2001/14 TD 93/34 IT 360
Legislative references: TAA 1953 Pt IVAAA 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 Div 40 ITAA 1997 40-535 ITAA 1997 Subdiv 61-J ITAA 1997 Div 328 ITAA 1997 328-105 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZME ITAA 1936 82KZME(1) ITAA 1936 82KZME(2) ITAA 1936 82KZME(3) ITAA 1936 82KZME(4) ITAA 1936 82KZME(7) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) Copyright Act 1968 Corporations Act 2001 Community Titles Act 1996 (SA)
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 management fee expenses non-commercial losses primary production primary production expenses producing assessable income product rulings public rulings schemes and shams tax avoidance tax benefits under tax avoidance schemes tax shelters taxation administration