Product Ruling PR 2005/101W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/101 is withdrawn with effect from today. 1. Product Ruling PR 2005/101 sets out the Commissioner's opinion on the tax consequences for persons participating in the Peppermint Springs Vineyard Project (post 30 June 2005 Growers) by entering into a Lease Agreement and a Management Agreement for the purpose of carrying on a commercial viticulture project. 2. The Project did not proceed as no taxpayers entered into the arrangement described in the Product Ruling during the relevant period. Therefore, Product Ruling PR 2005/101 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
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZMF 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 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-55 ITAA 1997 35-55(1)(b) ITAA 1997 Div 40 ITAA 1997 40-25 ITAA 1997 40-70(1) ITAA 1997 40-75(1) ITAA 1997 40-100 ITAA 1997 40-105 ITAA 1997 40-450 ITAA 1997 Subdiv 40-F ITAA 1997 40-515 ITAA 1997 40-515(1)(a) ITAA 1997 40-515(1)(b) ITAA 1997 40-520(1) ITAA 1997 40-520(2) ITAA 1997 40-525(2) ITAA 1997 40-530 ITAA 1997 40-545 ITAA 1997 Subdiv 40-G ITAA 1997 40-630 ITAA 1997 40-635 ITAA 1997 Subdiv 61-J ITAA 1997 Div 328 ITAA 1997 328-105 ITAA 1997 Subdiv 328-D ITAA 1997 328-185 ITAA 1997 328-190 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G TAA 1953 Pt IVAAA Copyright Act 1968 Corporations Act 2001 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 fee expenses horticulture irrigation expenses management fees non-commercial losses primary production primary production expenses primary production income producing assessable income product rulings public rulings schemes and shams tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project taxation administration