Product Ruling PR 1999/47W
Status: withdrawn








Withdrawal notice: Product Ruling PR 1999/47 is withdrawn with effect from today. An Addendum ruling on the application of the Non Commercial Loss provisions has issued and the Project is no longer being sold. Commissioner of Taxation 27 June 2001

Related rulings: IT 2001 PR 98/1 TD 93/34 TR 92/1 TR 92/20 TR 97/11 TR 97/16
Legislative references: ITAA1936 82KH(1) ITAA1936 82KH(1F)(b) ITAA1936 82KL ITAA1936 82KL(1) ITAA1936 82KZM ITAA1936 Pt IVA ITAA1936 177A ITAA1936 177C ITAA1936 177D ITAA1997 6-5 ITAA1997 8-1 ITAA1997 8-1(1)(a) ITAA1997 8-1(1)(b) ITAA1997 8-1(2) ITAA1997 Pt 2-25 ITAA1997Pt 3-1 ITAA1997 Subdiv 387-B ITAA1997 387-125 ITAA1997 Subdiv 387-C ITAA1997 387-165 ITAA1997 387-170(3) ITAA1997 387-185
Case references: Coles Myer Finance Ltd v. Federal Commissioner of Taxation (1993) 176 CLR 640 93 ATC 4214 (1993) 25 ATR 95
Subject references: capital gains tax carrying on a business commencement of business fee expenses horticulture insurance expenses interest expenses management fees expenses product rulings public rulings primary production primary production expenses producing assessable income rental expenses schemes and shams taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project