Product Ruling

PR 2008/63W

Income tax: 2009 Timbercorp Forestry Project

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Notice of Withdrawal

Product Ruling PR 2008/63 is withdrawn with effect from today.

1. Product Ruling PR 2008/63 set out the Commissioner's opinion on the tax consequences for persons participating as Growers in the 2009 Timbercorp Forestry Project (the Project).

2. The Project did not proceed; therefore, no investors have been able to enter into the Project as Growers. PR 2008/63 has no application as it does not rule on the tax consequences for any taxpayer.

Commissioner of Taxation
23 September 2009

Not previously issued as a draft

References

ATO references:
NO 2008/1579

Related Rulings/Determinations:

TR 97/7
TR 98/22
GSTR 2008/D1