Product Ruling

PR 2002/40W

Income tax: Film Investment - 'Lost World 3' television series

Please note that the PDF version is the authorised version of this withdrawal notice.

This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

may be released

Notice of Withdrawal

Product Ruling PR 2002/40 is withdrawn with effect from today.

1. This Product Ruling relates to a project that involves the production of 22 one hour episodes for the third series of the television drama 'The Lost World'. Under the terms of the arrangement investors were to make capital contributions towards the production of the 22 episodes and acquire an interest in the copyright of the completed episodes in proportion to their contribution.

2. The project did not proceed. The minimum subscription level was not achieved as no capital contributions were received from arm's length investors. Therefore the Product Ruling has no application to any investors and will be withdrawn.

Commissioner of Taxation
22 October 2003

References

ATO references:
NO 2003/11684

ISSN: 1441 - 1172

Related Rulings/Determinations:

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
tax avoidance
tax administration

PR 2002/40W history

	Date:	Version:	Change:
	17 April 2002	Original ruling
You are here	22 October 2003	Withdrawn

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