Product Ruling

PR 2000/44W

Income tax: Parkview Orchard Project

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FOI status:

Notice of Withdrawal

Product Ruling PR 2000/44 is withdrawn with effect from today.

Paragraphs 37 and 38 of Product Ruling PR 2000/44 states deductions are available to a Grower who invests in the Project before 30 June 2000. Paragraph 22 states "Growers who make payments toward the Project under the Management Agreement that is to be executed no later than 30 June 2000 being for licence fees, administration and management fees, and payment for the acquisition or lease of trees."

The Product Ruling has no application to investors in the Project as the Project commenced after 30 June 2000. The Product Ruling will therefore be withdrawn.

Commissioner of Taxation
21 March 2001

References

ATO references:
NO T2000/13746

Related Rulings/Determinations:

IT 175
TR 92/1
TR 92/20
TR 97/11
TR 97/16
TD 93/34
TR 98/22
PR 1999/95

Subject References:
carrying on a business
commencement of business
fee expenses
interest expenses
management fees expenses
primary production
primary production expenses
producing assessable income
product rulings
public rulings
schemes and shams
taxation administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters
tax shelters project

Legislative References:
ITAA 1936 82KH(1)
ITAA 1936 82KH(1F)(b)
ITAA 1936 82KL
ITAA 1936 82KL(1)
ITAA 1936 82KZM
ITAA 1936 82KZMA
ITAA 1936 82KZMB
ITAA 1936 82KZMB(2)
ITAA 1936 82KZMB(3)
ITAA 1936 82KZMB(5)
ITAA 1936 82KZMC
ITAA 1936 82KZMD
ITAA 1936 Pt IVA
ITAA 1936 177A
ITAA 1936 177C
ITAA 1936 177D
ITAA 1936 177D(b)
ITAA 1997 6-5
ITAA 1997 8-1
ITAA 1997 27-5
ITAA 1997 27-30
ITAA 1997 Subdiv 387-B
ITAA 1997 387-125
ITAA 1997 Subdiv 387-C
ITAA 1997 387-165
ITAA 1997 387-185
ITAA 1997 Subdiv 960-Q
ITAA 1997 960-335
ITAA 1997 960-340
ITAA 1997 960-345
ITAA 1997 960-350