Product Ruling

PR 2008/65W

Income tax: Great Southern 2009 High Value Timber Project

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Notice of Withdrawal

Product Ruling PR 2008/65 is withdrawn with effect from today.

1. Product Ruling PR 2008/65 set out the Commissioner's opinion on the tax consequences for persons participating in the Great Southern 2009 High Value Timber Project (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 2008/65 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 2008/11110

Related Rulings/Determinations:

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