Product Ruling PR 1999/48W
Status: withdrawn








Withdrawal notice: Product Ruling Pr 1999/48 is withdrawn The applicant did not proceed with the arrangement described in the Ruling and withdrew the Prospectus from public offer on 29 June 1999. The Ruling is withdrawn with the applicant's consent. This Ruling will not now issue and assistance and information to taxpayers will be provided by other means. Commissioner of Taxation 20 October 1999

Related rulings: IT 175 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 Pt 2-5 ITAA1997 6-5 ITAA1997 8-1 ITAA1997 8-1(1)(a) ITAA1997 8-1(1)(b) ITAA1997 8-1(2) ITAA1997 42-15 ITAA1997 42-125 ITAA1997 43-25 ITAA1997 387-125 ITAA1997 387-165 ITAA1997 387-170(3)
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