Product Ruling

PR 2016/3A1 - Addendum

Income tax: TFS Indian Sandalwood Project 2016 Sophisticated Investor Offer

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Product Ruling PR 2016/3 to amend citations.

PR 2016/3 is amended as follows:

1. Paragraph 84

In the first dot point omit 'TR 98/228'; substitute 'Taxation Ruling TR 98/22 Income tax: the taxation consequences for taxpayers entering into certain linked or split loan facilities'.

2. Paragraph 90

Omit 'MT 2006/19'; substitute 'Miscellaneous Taxation Ruling MT 2006/1 The New Tax System: the meaning of entity carrying on an enterprise for the purpose of entitlement to an Australian Business Number'.

3. Paragraph 91

Omit 'ATO ID 2010/19710'; substitute 'ATO Interpretative Decision ATO ID 2010/197 Goods and Services Tax: GST and agricultural managed investment scheme - investor carrying on an enterprise'.

4. Paragraph 93

Omit 'TR 97/1111'; substitute 'Taxation Ruling TR 97/11 Income tax: am I carrying on a business of primary production?'.

5. Paragraph 118

Omit 'TR 97/715'; substitute 'Taxation Ruling TR 97/7 Income tax: section 8-1 - meaning of 'incurred' - timing of deductions'.

6. Paragraph 134

Omit 'TR 2007/618'; substitute 'Taxation Ruling TR 2007/6 Income tax: non commercial business losses: Commissioner's discretion'.

This Addendum applies on and from 13 April 2016.

Commissioner of Taxation
9 November 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Not previously issued as a draft

References

ATO references:
NO 1-A62V4BF

ISSN: 2205-6114

Business Line:  PGH