Product Ruling PR 1999/27W
Status: withdrawn







Preamble: The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 . Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Withdrawal notice: 1. This Product Ruling is withdrawn and ceases to have effect after 9 March 2000. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in the persons' involvement in the arrangement. Commissioner of Taxation 19 May 1999 No draft issued

Related rulings: PR 98/1 TR 92/1 TR 94/13 TR 97/11 TR 97/16 TD 93/34
Legislative references: ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 8-1(2)(a) ITAA 1997 70-C ITAA 1997 70-35 ITAA 1887 387-A ITAA 1997 387-55 ITAA 1997 387-60 ITAA 1997 387-B ITAA 1997 387-125 ITAA 1997 387-C ITAA 1997 387-165 ITAA 1997 387-185 ITAA 1936 51(1) ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KL(1) ITAA 1936 82KZM ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D
Case references: Ronpibon Tin v Federal Commissioner of Taxation (1949) 78 CLR 47 (1949) 8 ATD 431
Subject references: carrying on a business commencement of business crops as trading stock fee expenses horticulture irrigation expenses management fees expenses plantation forestry primary production primary production expenses primary production income producing assessable income product rulings public rulings schemes and shams tax administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project trading stock