Product Ruling

PR 2009/18W

Income tax: Great Southern 2009 High Value Timber Project - Preferred Financier

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Notice of Withdrawal

Product Ruling PR 2009/18 is withdrawn with effect from today.

1. Product Ruling PR 2009/18 set out the Commissioner's opinion on the tax consequences for persons participating in the Great Southern 2009 High Value Timber Project - Preferred Financier (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. Product Ruling PR 2009/18 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 2009/1933

Related Rulings/Determinations:

TR 97/7
TR 97/11
TR 98/22
TR 2007/6
PR 2008/65
PR 2008/72