Product Ruling PR 2002/142W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2002/142 is withdrawn with effect from today. 1. Product Ruling PR 2002/142 sets out the Commissioner's opinion on the tax consequences for persons participating in the Clews Road Vineyard Estate Project ('the Project') by entering into Investment, Vineyard Management and Vineyard Lease Agreements for the purpose of carrying on a commercial viticulture project. 2. We have reviewed the Project and determined that the arrangement, as implemented, is materially different from that described in the Product Ruling for the following reasons: 3. As a result, Product Ruling PR 2002/142 has no application as it does not rule on the tax consequences for any taxpayer. 4. Growers who were accepted to participate in the Project cannot rely on PR 2002/142. However, a Grower may lodge an application for a private ruling in regard to the tax consequences of the Grower's particular circumstances. Commissioner of Taxation 10 November 2004

Related rulings: TR 97/11 TR 97/16 PR 1999/95 TR 92/1 TR 92/20 TD 93/34 TR 98/22 TR 2000/8
Legislative references: 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-G ITAA 1997 40-25 ITAA 1997 40-70(1) ITAA 1997 40-75(1) ITAA 1997 40-100 ITAA 1997 40-105 ITAA 1997 40-515 ITAA 1997 40-515(1)(a) ITAA 1997 40-515(1)(b) ITAA 1997 40-520(1) ITAA 1997 40-525(2) ITAA 1997 40-525(3) ITAA 1997 40-530 ITAA 1997 40-535 ITAA 1997 40-540 ITAA 1997 40-545 ITAA 1997 40-550 ITAA 1997 Div 70 ITAA 1997 70-35 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) ITAA 1997 328-185 ITAA 1997 328-190 ITAA 1997 328-285 ITAA 1997 328-285(1) ITAA 1997 328-285(2) ITAA 1936 82KL 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 Div 3 of Part III ITAA 1936 Part IVA ITAA 1936 177A ITAA 1936 177C ITAA 1936 177D ITAA 1936 177D(b) TAA 1953 Part IVAAA Corporations Act 2001 761G Corporations Act 2001 761G(7)(a) Copyright Act 1968
Case references: FCT v. Lau 84 ATC 4929 16 ATR 55
Subject references: carrying on a business commencement of business fee expenses horticulture irrigation expenses management fees expenses primary production primary production expenses primary production income producing assessable income product rulings public rulings schemes and shams tax administration tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project