Product Ruling PR 2003/8W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2003/8 is withdrawn with effect from today. 1. Product Ruling PR 2003/8 sets out the Commissioner's opinion on the tax consequences for persons participating in the Tanunda Hill Vineyard Project Stage II ('the Project') by entering into an allotment and management agreement for the purpose of carrying on a commercial viticulture project. 2. We have reviewed the Project and determined that the arrangement, as implemented, is materially different from that described in the Ruling for the following reasons: 3. As a result, Product Ruling PR 2003/8 has no application as it does not rule on the tax consequences for any taxpayer. 4. Growers who were accepted to participate in the Project cannot rely on PR 2003/8. However, such Growers may wish to lodge private ruling requests that will enable the tax consequences to be determined in relation to an individual's particular circumstances. Commissioner of Taxation 4 August 2004

Related rulings: TR 97/11 TR 97/16 PR 1999/95 TR 92/1 TR 92/20 TD 93/34 TR 98/22 TR 2000/8 IT 360
Legislative references: ITAA 1997 3-1 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(3) 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 Div 40 ITAA 1997 40-F ITAA 1997 40-G ITAA 1997 40-515 ITAA 1997 40-515(1)(a) ITAA 1997 40-515(1)(b) ITAA 1997 40-520(1) ITAA 1997 40-525(2) ITAA 1997 40-525(3) ITAA 1997 40-530 ITAA 1997 40-535 ITAA 1997 40-540 ITAA 1997 40-545 ITAA 1997 40-550 ITAA 1997 40-630 ITAA 1997 40-635 ITAA 1997 40-645 ITAA 1997 Div 70 ITAA 1997 70-35 ITAA 1997 108-5 ITAA 1997 110-25(2) ITAA 1997 Div 328 ITAA 1997 Subdiv 328-D ITAA 1997 Subdiv 328-G ITAA 1997 328-105 ITAA 1997 328-105(1)(a) ITAA 1997 328-105(1)(b) ITAA 1997 328-285(1) ITAA 1997 328-285(2) ITAA 1936 82KL 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 Div 3 of Part III ITAA 1936 Div 6 ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) TAA 1953 Part IVAAA Corporations Act 2001 Copyright Act 1968
Case references: FCT v. Lau 84 ATC 4929 (1984) 16 ATR 55
Subject references: carrying on a business commencement of business horticulture irrigation expenses management fees expenses primary production primary production expenses primary production income producing assessable income product rulings public rulings schemes and shams tax administration tax avoidance tax benefits under tax avoidance schemes tax shelters