Product Ruling PR 2003/46W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2003/46 is withdrawn with effect from today, 12 May 2004. 1. Product Ruling PR 2003/46 dealt with the tax consequences of investing in the Project by Growers entering into a Grove Licence Agreement and a Management Agreement to grow and cultivate olive trees for harvesting olives and selling as olives or olive oil. 2. The promoter has advised that the Project will not proceed in 2004. Commissioner of Taxation 12 May 2004

Related rulings: TR 92/1 TR 92/20 TD 93/34 TR 97/11 TR 97/16 TR 98/22 PR 1999/95 TR 2000/8 PR 2003/28 IT 360
Legislative references: TAA 1953 Part IVAAA ITAA 1936 Div 3H Part III ITAA 1936 Sec 44 ITAA 1936 44(1) ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KL(1) ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZME ITAA 1936 82KZME(1) ITAA 1936 82KZME(2) ITAA 1936 82KZME(3) ITAA 1936 82KZME(4) ITAA 1936 82KZME(7) ITAA 1936 82KZMF ITAA 1936 82KZMF(1) 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 Div 27 ITAA 1997 Div 35 ITAA 1997 35-10 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) ITAA 1997 35-55(1)(a) ITAA 1997 35-55(1)(b) ITAA 1997 Div 40 ITAA 1997 40-F ITAA 1997 40-515 ITAA 1997 40-515(1)(a) ITAA 1997 40-515(1)(b) ITAA 1997 40-520(1) ITAA 1997 40-520(2) ITAA 1997 40-525(2) ITAA 1997 40-530 ITAA 1997 40-535 ITAA 1997 40-540 ITAA 1997 40-545 ITAA 1997 108-5 ITAA 1997 110-25 ITAA 1997 110-25(2) ITAA 1997 Div 328 ITAA 1997 Subdiv 328-D ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G ITAA 1997 328-105 ITAA 1997 328-105(1)(a) ITAA 1997 328-105(1)(b) Copyright Act 1968
Case references: FCT v. Lau 84 ATC 4929 (1984) 16 ATR 55
Subject references: carrying on a business commencement of business fee expenses interest expenses management fee expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance