Product Ruling PR 2004/117W
Status: withdrawn








Withdrawal notice: Product Ruling PR 2004/117 is withdrawn with effect from today. 1. Product Ruling PR 2004/117 sets out the Commissioner's opinion on the way in which certain tax laws apply to persons who take part in the Great Southern Plantations 2006 Project - (Post 30 June Growers) ('the Project'). This Ruling applied to Growers who were accepted to participate in the Project after 30 June 2006. The new Ruling will apply to Growers who are accepted to participate in the Project during the period from 1 July 2006 until 31 March 2007 (Post 30 June Growers) in relation to the deductibility of costs incurred for the year ended 30 June 2007. 2. As a result of changes to the prepayment rules, new species being introduced and the inclusion of new land, PR 2004/117 is now withdrawn. Product Ruling PR 2006/121 replaces PR 2004/117 and applies from 2 August 2006. Commissioner of Taxation 2 August 2006 This Ruling has been replaced by PR 2006/121.

Related rulings: IT 360 TR 92/1 TR 92/20 TR 97/11 TR 97/16 TR 98/22 TR 2000/8 TR 2001/14 TD 93/34 PR 1999/95
Legislative references: ITAA 1936 82KL ITAA 1936 Pt III Div 3 Subdiv H ITAA 1936 82KZL ITAA 1936 82KZL(1) ITAA 1936 82KZM ITAA 1936 82KZMA ITAA 1936 82KZMB ITAA 1936 82KZMC ITAA 1936 82KZMD 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 35-55 ITAA 1997 35-55(1)(b) ITAA 1997 Div 328 ITAA 1997 328-105 ITAA 1997 328-105(1)(a) ITAA 1997 Subdiv 328-F ITAA 1997 Subdiv 328-G TAA 1953 Pt IVAAA Copyright Act 1968
Case references: Commission of Taxation v. Lau (1984) 6 FCR 202 84 ATC 4929 (1984) 16 ATR 55
Subject references: advance deductions and expenses for certain forestry expenditure carrying on a business commencement of business fee expenses forestry agreement interest expenses management fees non-commercial business activities producing assessable income product rulings public rulings seasonally dependent agronomic activity tax avoidance tax benefits under tax avoidance schemes tax shelters tax shelters project taxation administration