Product Ruling PR 2003/69W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2003/69 is withdrawn with effect from today. 1. This Ruling sets out the Commissioner's opinion on the way in which certain tax laws apply to persons who take part in the Rewards Group Premium Vineyards Project 2 ('the Project'). This Ruling applies to persons who were accepted to participate in the Project on or before 28 February 2004. 2. This Product Ruling has been withdrawn and is replaced by PR 2004/78 which issues today. PR 2004/78 corrects the deduction allowed for Trellising to the year in which it is installed ready for use, 30 June 2005. The tables at paragraphs 57, 60 and 63 are also amended to increase the deductions allowed for Growers who participate in this project. Commissioner of Taxation 30 June 2004 This Ruling has been replaced by Product Ruling PR 2004/78.

Related rulings: TR 2000/8 PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 98/22 TR 2000/8 TR 2001/14
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(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 Subdiv 40-F ITAA 1997 Subdiv 40-G ITAA 1997 40-25 ITAA 1997 40-70(1) ITAA 1997 40-75(1) ITAA 1997 40-100 ITAA 1997 40-105 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 40-530(2) 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 Div 70 ITAA 1997 Div 328 ITAA 1997 Subdiv 328-D ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1997 328-105 ITAA 1997 328-105(1)(a) ITAA 1997 328-105(1)(b) ITAA 1997 328-185 ITAA 1997 328-190 ITAA 1936 Pt III - Div 3 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 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) Copyright Act 1968 Corporations Act 2001 Corporations Act 2001 761G Corporations Act 2001 761G(7)(a) Corporations Act 2001 761G(7)(c) Corporations Act 2001 761G(7)(d) Corporations Act 2001 1012E Corporations Act 2001 1012E(2) Corporations Act 2001 1012E(5)
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 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