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Product Ruling

PR 2001/119

Income tax: Queensland Paulownia Forests Project No. 4

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FOI status:

may be releasedFOI number: I 1023434

Preamble

The number, subject heading, and the What this Product Ruling is about (including Tax law(s), Class of persons and Qualifications sections), Date of effect, Withdrawal, Arrangement and Ruling parts of this document are a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953. Product Ruling PR 1999/95 explains Product Rulings and Taxation Rulings TR 92/1 and TR 97/16 together explain when a Ruling is a public ruling and how it is binding on the Commissioner.

Partial Withdrawal

1. This Product Ruling is withdrawn and ceases to have effect after 30 June 2002. The Ruling continues to apply, in respect of the tax law(s) ruled upon, to all persons within the specified class who enter into the specified arrangement on or after 17 November 1999 and not before 30 June 2000. Thus, the Ruling continues to apply to those persons, even following its withdrawal, who entered into the specified arrangement prior to withdrawal of the Ruling. This is subject to there being no material difference in the arrangement or in the persons' involvement in the arrangement.

Commissioner of Taxation
29 June 2001

Not previously issued in draft form

References

ATO references:
NO 2001/009712

ISSN 1441 1172

Related Rulings/Determinations:

TR 92/1
TR 97/11
TR 97/16
TR 92/20
TR 98/22
TD 93/34
PR 1999/95
PR 1999/100
PR 2000/96

Subject References:
carrying on a business
carrying on a business
commencement of a business
management fees
primary production
producing assessable income
product rulings
public rulings
schemes
tax avoidance
tax benefits
viticultural expenses

Legislative References:
ITAA 1997 Div 35
ITAA 1997 35-10
ITAA 1997 35-10(2)
ITAA 1997 35-10(3)
ITAA 1997 35-10(4)
ITAA 1997 35-30
ITAA 1997 35-35
ITAA 1997 35-40
ITAA 1997 35-45
ITAA 1997 35-55
ITAA 1997 35-55(1)
ITAA 1997 35-55(1)(a)
ITAA 1997 35-55(1)(b)
ITAA 1936 82KL
ITAA 1936 Pt IVA

PR 2001/119 history
  Date: Version: Change:
  29 June 2001 Original ruling  
You are here 1 July 2002 Consolidated ruling Partial Withdrawal
  21 May 2007 Withdrawn  

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