Taxation Ruling
IT 2301W - Notice of Withdrawal
Income tax: primary production: prawn farming
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2301 is redundant and withdrawn with effect from today.
The Ruling stated that prawn farming is accepted as primary production, that the hatchery and growing ponds together with their attachments and fittings qualified as plant and fixed an effective life of 20 years for the ponds.
All this information has been duplicated in IT 2685 under the item 'Prawn Farming Ponds Plant' which appears under the subject heading of 'Primary industries, Farmers', etc., Plant'.
Commissioner of Taxation
13 December 2000