Product Ruling PR 2007/35W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2007/35 is withdrawn with effect from today. 1. Product Ruling PR 2007/35 sets out the Commissioner's opinion on the tax consequences for investors participating in the film project titled McLeod's Daughters 2007 Investment. 2. The Tax Office has been advised that no investment monies were raised and the scheme as described in Product Ruling PR 2007/35 did not proceed. 3. As a result, there is no class of investors to whom the Ruling applies. Commissioner of Taxation 8 August 2007

Related rulings: PR 2006/2 PR 2006/2A TR 98/22
Legislative references: ITAA 1936 79D ITAA 1936 82KL ITAA 1936 Pt III Div 5 ITAA 1936 90 ITAA 1936 91 ITAA 1936 92 ITAA 1936 Pt III Div 10B ITAA 1936 124K(1) ITAA 1936 124L ITAA 1936 124L(1)(b) ITAA 1936 124M ITAA 1936 124R ITAA 1936 124S ITAA 1936 124S(1) ITAA 1936 124UA ITAA 1936 124UA(2) ITAA 1936 160AFD(9) ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 318 ITAA 1997 8-1 ITAA 1997 Div 27 ITAA 1997 Div 40 ITAA 1997 995-1 TAA 1953 TAA 1953 Sch 1 357-75(1) Copyright Act 1968 Copyright Act 1968 86 Corporations Act 2001 761G SISA 1993
Subject references: Australian films film income film industry product rulings schemes and shams tax administration tax avoidance