Product Ruling

PR 2005/114W

Income tax: Film Investment - 'Vista Bay'

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FOI status:

Notice of Withdrawal

Product Ruling PR 2005/114 is withdrawn with effect from today.

1. Product Ruling PR 2005/114 set out the Commissioner's opinion on the tax consequences for an investor who contributed capital money toward the production of the film entitled 'Vista Bay', provided investment funds totalling $2,626,978 (GST inclusive) were secured and the Investment Deed and Production and Investment Agreement was executed on or before 30 June 2006.

2. No capital contributions of money were received from investors on or before 30 June 2006. Therefore Product Ruling PR 2005/114 has no application as it does not rule on the tax consequences for any investor.

Commissioner of Taxation
6 September 2006

References

ATO references:
NO 2005/18404

Related Rulings/Determinations:

IT 2111
PR 1999/95
TR 92/1
TR 92/20
TR 97/16
TR 98/22
TD 93/34

Subject References:
Australian films
film income
film industry
interest expenses
product rulings
public rulings
schemes and shams
tax administration
tax avoidance

Legislative References:
ITAA 1936 26AG
ITAA 1936 26AG(9)
ITAA 1936 79D
ITAA 1936 82KL
ITAA 1936 Pt III Div 5
ITAA 1936 Pt III Div 10BA
ITAA 1936 124ZAA(6)
ITAA 1936 124ZAB
ITAA 1936 124ZAB(10)
ITAA 1936 124ZAC
ITAA 1936 124ZADA(1)
ITAA 1936 124ZADA(2)
ITAA 1936 124ZAFA
ITAA 1936 124ZAFA(1)(a)
ITAA 1936 124ZAFA(1)(b)(i)
ITAA 1936 124ZAFA(1)(c)(i)
ITAA 1936 124ZAFA(1)(c)(ii)
ITAA 1936 124ZAFA(1)(d)(iii)
ITAA 1936 124ZAFA(1)(d)(iv)
ITAA 1936 124ZAFA(2)
ITAA 1936 124ZAJ
ITAA 1936 124ZAJ(1)
ITAA 1936 124ZAM
ITAA 1936 124ZAM(1)
ITAA 1936 124ZAM(2)
ITAA 1936 124ZAM(3)
ITAA 1936 124ZAO
ITAA 1936 124ZAO(2)
ITAA 1936 124ZAO(3)
ITAA 1936 160AFD(9)
ITAA 1936 Pt IVA
ITAA 1936 177A
ITAA 1936 177C
ITAA 1936 177D
ITAA 1936 204
ITAA 1997 8-1
ITAA 1997 995-1
TAA 1953 8AAG
TAA 1953 Pt IVAAA
ANTS(GST)A 1999 Div 11
Copyright Act 1968
Corporations Act 2001
Corporations Act 2001 1012E
Corporations Act 2001 1012E(2)
Corporations Act 2001 1012E(5)