Product Ruling PR 2000/44W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2000/44 is withdrawn with effect from today. Paragraphs 37 and 38 of Product Ruling PR 2000/44 states deductions are available to a Grower who invests in the Project before 30 June 2000. Paragraph 22 states "Growers who make payments toward the Project under the Management Agreement that is to be executed no later than 30 June 2000 being for licence fees, administration and management fees, and payment for the acquisition or lease of trees." The Product Ruling has no application to investors in the Project as the Project commenced after 30 June 2000. The Product Ruling will therefore be withdrawn. Commissioner of Taxation 21 March 2001

Related rulings: IT 175 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TD 93/34 TR 98/22 PR 1999/95
Legislative references: ITAA 1936 82KH(1) ITAA 1936 82KH(1F)(b) ITAA 1936 82KL ITAA 1936 82KL(1) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMB(2) ITAA 1936 82KZMB(3) ITAA 1936 82KZMB(5) ITAA 1936 82KZMC ITAA 1936 82KZMD 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 27-5 ITAA 1997 27-30 ITAA 1997 Subdiv 387-B ITAA 1997 387-125 ITAA 1997 Subdiv 387-C ITAA 1997 387-165 ITAA 1997 387-185 ITAA 1997 Subdiv 960-Q ITAA 1997 960-335 ITAA 1997 960-340 ITAA 1997 960-345 ITAA 1997 960-350
Subject references: carrying on a business commencement of business fee expenses interest expenses management fees expenses primary production primary production expenses producing assessable income product rulings public rulings schemes and shams taxation administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project