Product Ruling PR 2005/20W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/20 is withdrawn with effect from today. 1. Product Ruling PR 2005/20 sets out the Commissioner's opinion on the way in which certain tax laws apply to participants in the Sylvatech Tropical Timbers 2005 - 2006 Growers which would've applied to Growers accepted into the Project during the period 1 July 2005 and 28 February 2006. 2. The Sylvatech Tropical Timbers 2005 Product Disclosure Statement has been withdrawn from the market. Consequently, the Product was not sold and there are no participants in the Project. Product Ruling PR 2005/20 has no application. Commissioner of Taxation 17 August 2005

Related rulings: IT 360 PR 1999/95 PR 2005/19 TD 93/34 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TR 98/22 TR 2000/8 TR 2001/14 TD 2003/12
Legislative references: ITAA 1936 Pt 3 Div 3 Subdiv H 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 82KZMG ITAA 1936 82KZMG(1) ITAA 1936 82KZMG(2) ITAA 1936 82KZMG(3) ITAA 1936 82KZMG(4) ITAA 1936 82KZMG(5) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 25-25 ITAA 1997 25-25(1) ITAA 1997 25-25(3) 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) ITAA 1997 35-55(1)(a) ITAA 1997 35-55(1)(b) ITAA 1997 Div 328 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1997 328-105 ITAA 1997 328-105(1)(a) Copyright Act 1968 Corporations Act 2001 TAA 1953 Pt IVAAA
Case references: Commissioner of Taxation v. Lau (1984) 6 FCR 202 84 ATC 4929 (1984) 16 ATR 55
Subject references: borrowing expenses carrying on a business commencement of business non-commercial losses primary production primary production expenses management fee expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters