Product Ruling PR 2007/47W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2007/47 is withdrawn with effect from today. 1. Product Ruling PR 2007/47 sets out the Commissioner's opinion on the tax consequences of Joint Venture Growers accepted into the Mediterranean Olives Project 2007 (Joint Venture Growers) from 23 May 2007 to 15 June 2007. 2. No Joint Venture Growers entered into the Project. Therefore, PR 2007/47 has no application as it does not rule on the tax consequences for any entity. Commissioner of Taxation 5 September 2007

Related rulings: TR 97/7 TR 97/11 TR 98/22 TR 2000/8 TR 2002/6 TR 2002/11
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZME ITAA 1936 82KZMF ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1936 318 ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 25-25 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 40-515(1)(b) ITAA 1997 40-520(2) ITAA 1997 40-525(2) ITAA 1997 40-530 ITAA 1997 40-545 ITAA 1997 40-545(2) ITAA 1997 Subdiv 61-J ITAA 1997 Div 328 ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G IT(TP)A 1997 328-120 IT(TP)A 1997 328-125 TAA 1953 TAA 1953 Sch 1 357-75(1) Copyright Act 1968 Corporations Act 2001 SISA 1993
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 interest expenses management fee non-commercial losses producing assessable income product rulings public rulings stamp duty tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project taxation administration