Product Ruling PR 2005/98W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/98 is withdrawn with effect from today. 1. Product Ruling PR 2005/98 set out the Commissioner's opinion on the tax consequences for persons participating in the Becker Filmed Entertainment Fund ('the Project') who sign the Application Form, become one of the first owners of a Copyright interest in the Selected Films and who use that Copyright interest to derive assessable income by way of licence fees. 2. The minimum subscription was not met and the Project did not proceed. Product Ruling PR 2005/98 has no application as it does not rule on the tax consequences for any taxpayer. Commissioner of Taxation 31 August 2005

Related rulings: PR 1999/95 IT 2111 TR 92/1 TR 92/20 TR 97/16 TR 98/22 TD 93/34
Legislative references: ITAA 1936 26AG ITAA 1936 26AG(9) ITAA 1936 79D ITAA 1936 82KL ITAA 1936 Pt III Div 5 ITAA 1936 Pt III Div 10BA ITAA 1936 124ZAA(6) ITAA 1936 124ZAB ITAA 1936 124ZAB(10) ITAA 1936 124ZAC ITAA 1936 124ZADA(1) ITAA 1936 124ZADA(2) ITAA 1936 124ZAFA ITAA 1936 124ZAFA(1)(a) ITAA 1936 124ZAFA(1)(b)(i) ITAA 1936 124ZAFA(1)(c)(i) ITAA 1936 124ZAFA(1)(c)(ii) ITAA 1936 124ZAFA(1)(d)(iii) ITAA 1936 124ZAFA(2) ITAA 1936 124ZAG ITAA 1936 124ZAJ ITAA 1936 124ZAJ(1) ITAA 1936 124ZAM ITAA 1936 124ZAM(1) ITAA 1936 124ZAM(2) ITAA 1936 124ZAM(3) ITAA 1936 124ZAO ITAA 1936 124ZAO(2) ITAA 1936 124ZAO(3) ITAA 1936 160AFD(9) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 204 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 Div 35 ITAA 1997 35-5(2) ITAA 1997 995-1 TAA 1953 Pt IVAAA TAA 1953 8AAG GST Act 1999 GST Act 1999 Div 11 Copyright Act 1968 Corporations Act 2001 Corporations Act 2001 761G Corporations Act 2001 761G(7)(a) Corporations Act 2001 761G(7)(c) Corporations Act 2001 761G(7)(d)
Subject references: Australian films film income film industry interest expenses product rulings public rulings schemes and shams tax administration tax avoidance