Product Ruling PR 2005/91W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2005/91 is withdrawn with effect from today. 1. Product Ruling PR 2005/91 sets out the Commissioner's opinion on the tax consequences for entities entering into an Allotment Sub-leased Agreement and an Allotment Management Agreement on or between 1 July 2005 and 15 June 2006 to grow and cultivate almond trees for harvesting and selling almonds. 2. The Project did not proceed as no entities entered into the Project on or between 1 July 2005 and 15 June 2006 and there is no class of persons to whom this ruling can apply. Accordingly this Ruling is now withdrawn. Commissioner of Taxation 27 September 2006

Related rulings: PR 1999/95 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TR 98/22 TR 2000/8 TR 2001/14 TR 2002/6 TR 2002/11 TD 93/34 IT 360
Legislative references: TAA 1953 Pt IVAAA ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD ITAA 1936 82KZME ITAA 1936 82KZMF ITAA 1936 Pt III Div 6 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 25-25 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 Subdiv 40-F 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 40-540 ITAA 1997 40-545 ITAA 1997 Subdiv 61-J ITAA 1997 Pt 3-1 ITAA 1997 108-5 ITAA 1997 110-25(2) ITAA 1997 Div 328 ITAA 1997 328-105 ITAA 1997 328-105(1)(b) ITAA 1997 Subdiv 328-D ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G Copyright Act 1968 Corporations Act 2001 761G Corporations Act 2001 1012E
Case references: FCT 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 expenses management fees non-commercial losses producing assessable income product rulings public rulings schemes and shams tax avoidance taxation administration