Product Ruling PR 2002/89W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2002/89 is withdrawn with effect from today. 1. This Ruling was about the borrowing of moneys from Leveraged Equities Limited to fund the acquisition of shares listed on the Australian Stock Exchange and or units of a widely held trust. Under the arrangement in this Ruling, the term of the loan was either three or five years. 2. This Ruling is withdrawn because the arrangement now covers loans with terms of one, two, three, four or five years. This Ruling is replaced by Product Ruling PR 2003/49 which issues today. Commissioner of Taxation 9 July 2003 This Ruling has been replaced by PR 2003/49.

Related rulings: PR 2001/163 PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 95/33 TR 98/22
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 82KZME(5)(b)(iii) ITAA 1936 82KZMF ITAA 1936 Pt IVA ITAA 1936 Schedule 2F ITAA 1936 272-105 ITAA 1936, Subdivision H of Division 3 of Part III ITAA 1997 8-1 ITAA 1997 104-25(2) ITAA 1997 Div 108, Pt 3-1 ITAA 1997 Div 110, Pt 3-1 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G
Subject references: financial products interest expenses prepaid expenses product rulings public rulings STS taxpayer taxation administration tax avoidance