Product Ruling PR 2008/15W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2008/15 is withdrawn with effect from today. 1. Product Ruling PR 2008/15 dealt with the tax consequences for Growers who entered into the Mediterranean Olives Project 2008 (Joint Venture Growers) from 27 February 2008 to 15 June 2008 inclusive. Joint Venture Growers were to participate in the business of commercial growing and cultivation of olives for the purpose of sale. 2. The Project did not commence as no entities were accepted to participate in the scheme. Therefore, there is no class of entities to which PR 2008/15 will apply. Commissioner of Taxation 8 October 2008

Related rulings: TR 97/7 TR 97/11 TR 98/22 TR 2000/8 TR 2007/6 PR 2008/8
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZME ITAA 1936 82KZMF ITAA 1936 Pt IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) ITAA 1997 6-5 ITAA 1997 8-1 ITAA 1997 17-5 ITAA 1997 25-20 ITAA 1997 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 ITAA 1997 35-10(2) ITAA 1997 35-55 ITAA 1997 35-55(1)(b) ITAA 1997 Div 40 ITAA 1997 40-515(1)(b) ITAA 1997 40-520(2) ITAA 1997 40-525(2) ITAA 1997 40-530 ITAA 1997 40-545 ITAA 1997 328-110 TAA 1953 TAA 1953 Sch 1 357-75(1) Copyright Act 1968 Corporations Act 2001 SISA 1993
Case references: Commissioner of Taxation v. Lau (1984) 6 FCR 202 84 ATC 4929 (1984) 16 ATR 55
Subject references: carrying on a business commencement of business fee expenses interest expenses management fee non-commercial losses producing assessable income product rulings public rulings stamp duty tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project taxation administration