Product Ruling PR 2001/113W
Status: withdrawn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 This Product Ruling is withdrawn and ceases to have effect after 30 June 2002. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who entered into the specified arrangements between 2 February 2000 and 14 June 2000. This is subject to there being no material difference in the arrangements or in the persons' involvement in the arrangements. Commissioner of Taxation 27 June 2001 Not previously issued in draft form

Related rulings: TR 92/1 TR 92/20 TD 93/34 TR 97/11 TR 97/16 TR 98/22 PR 1999/95
Legislative references: ITAA 1997 Div 35 ITAA 1997 35-10(2) ITAA 1997 35-10(3) ITAA 1997 35-10(4) ITAA 1997 35-30 ITAA 1997 35-35 ITAA 1997 35-40 ITAA 1997 35-45 ITAA 1997 35-55 ITAA 1997 35-55(1)(a) ITAA 1997 35-55(1)(b) ITAA 1997 35-55(2)
Subject references: carrying on a business commencement of business fee expenses interest expenses management fees expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance