Product Ruling

PR 2011/17W

Income tax: Australian Oak Project - 2012 Growers

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Notice of Withdrawal

Product Ruling PR 2011/17 is withdrawn with effect from today.

1. Product Ruling PR 2011/17 sets out the Commissioner's opinion on the tax consequences for entities that acquire forestry interests in a forestry management scheme known as the Australian Oak Project - 2012 Growers (the Project).

2. No applications were accepted and the Project did not proceed. PR 2011/17 has no application as it does not rule on the tax consequences for any taxpayer.

Commissioner of Taxation
1 August 2012

References

ATO references:
NO 1-42ZJ674

Related Rulings/Determinations:

TR 97/7
TR 97/11
TR 98/22
TR 2007/6

Subject References:
4 year holding period
carrying on a business
forestry interest
forestry MIS
interest expenses
managed investment schemes
payments under the scheme
producing assessable income
product rulings
reasonable expectation
tax avoidance
taxation administration