Product Ruling

PR 2008/72W

Income tax: Great Southern 2009 High Value Timber Project (ABL Nominees Pty Ltd Finance)

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Notice of Withdrawal

Product Ruling PR 2008/72 is withdrawn with effect from today.

1. Product Ruling PR 2008/72 set out the Commissioner's opinion on the tax consequences for persons participating in the Great Southern 2009 High Value Timber Project (ABL Nominees Pty Ltd Finance) (the Project) by entering into a Land and Management Agreement and a Lease Agreement for the purpose of carrying on a commercial forestry project.

2. No applications were accepted and the Project did not proceed. PR 2008/72 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 2008/17404

Related Rulings/Determinations:

TR 97/7
TR 98/22
GSTR 2008/D1
PR 2008/65