Product Ruling PR 2009/42W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2009/42 is withdrawn with effect from today. 1. Product Ruling PR 2009/42 set out the Commissioner's opinion on the tax consequences for persons participating in the 2009 AIL Red Ironbark Project (the Project) by entering into a Woodlot Sublease and a Management Agreement for the purpose of carrying on a commercial forestry project. 2. The Project did not proceed, therefore, no investors have been able to enter into the Project as Participants. Product Ruling PR 2009/42 has no application as it does not rule on the tax consequences for any taxpayer. Commissioner of Taxation 5 August 2009 Not previously issued as a draft

Related rulings: TR 97/7 TR 97/11 TR 98/22