Product Ruling

PR 2010/8W

Income tax: Rewards Group Premium Timber Project 2010

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Notice of Withdrawal

Product Ruling PR 2010/8 is withdrawn with effect from today.

1. Product Ruling PR 2010/8 sets out the Commissioner's opinion on the tax consequences for entities participating in the Rewards Group Premium Timber Project 2010 (the Project) by entering into a Licence Agreement and a Management Agreement for the purpose of carrying on a commercial forestry project.

2. No applications were accepted and the Project did not proceed. Therefore, PR 2010/8 has no application as it does not rule on the tax consequences for any entity.

Commissioner of Taxation
23 June 2010

Not previously issued as a draft

References

ATO references:
NO 2009/11929; 1-23TFLH8