Product Ruling PR 2004/34W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2004/34 is withdrawn with effect from today. 1. The Product Ruling relates to a proposed Project under which a Grower would acquire an interest in an established olive Grovelot, or Grovelots, on which they would cultivate olive trees and harvest the olives for the production and sale of olive oil. 2. The Product Ruling only applies to a Grower who is accepted to participate in the Project on or before 15 June 2004. Barkworth Olives Management Limited ('BOML'), the Manager of the Project, has advised the Project will not be marketed before 15 June 2004. Therefore the Product Ruling has no application to any Growers and is withdrawn. Commissioner of Taxation 9 June 2004

Related rulings: TR 92/1 TR 92/20 TD 93/34 TR 97/11 TR 97/16 TR 98/22 TR 2000/8 PR 1999/95 Other Rulings/Determinations: TR 2001/14
Legislative references: TAA 1953 Part IVAAA ITAA 1936 Div 3 Subdiv H Pt III ITAA 1936 82KL ITAA 1936 82KZL 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 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 40-515(1)(b) ITAA 1997 40-520(2) ITAA 1997 40-525(2) ITAA 1997 40-530 item 2 ITAA 1997 40-545 ITAA 1997 Div 328 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 Corporations Act 2001 New South Wales Real Property Act 1900
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 taxation administration tax avoidance