Product Ruling

PR 2009/42W

Income tax: 2009 AIL Red Ironbark Project

  • 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.

Notice of Withdrawal

Product Ruling PR 2009/42 is withdrawn with effect from today.

1. Product Ruling PR 2009/42 set out the Commissioner's opinion on the tax consequences for persons participating in the 2009 AIL Red Ironbark Project (the Project) by entering into a Woodlot Sublease and a Management Agreement for the purpose of carrying on a commercial forestry project.

2. The Project did not proceed, therefore, no investors have been able to enter into the Project as Participants. Product Ruling PR 2009/42 has no application as it does not rule on the tax consequences for any taxpayer.

Commissioner of Taxation
5 August 2009

Not previously issued as a draft

References

ATO references:
NO 2006/20258

ISSN: 1441-1172

Related Rulings/Determinations:

TR 97/7
TR 97/11
TR 98/22

PR 2009/42W history
  Date: Version: Change:
  10 June 2009 Original ruling  
You are here 5 August 2009 Withdrawn  

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