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Product Ruling

PR 1999/12W

Income tax: deductibility of interest incurred on borrowings under the Macquarie Sharemarket Lending Facility for the purchase of units in the Macquarie Enhanced Index Trust

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

FOI status:

May be releasedFOI number: I 1018349

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.

Withdrawal

1. This Product Ruling is withdrawn on 1 July 2002 and ceases to have effect on and from that date. The Ruling continues to apply, in respect of the tax laws ruled upon, to all persons within the specified class who enter into the specified arrangement during the term of the Ruling. Thus, the Ruling continues to apply to those persons, even following its withdrawal, for arrangements entered into prior to withdrawal of the Ruling. This is subject to there being no change in the arrangement or in the person's involvement in the arrangement.

Commissioner of Taxation
14 April 1999

No draft issued

References

ATO references:
NO 99/2153-2
BO CPL80240

ISSN 1441-1172

Related Rulings/Determinations:

TR 92/1
TR 92/20
TR 95/33
TR 97/16
TD 93/34
PR 1998/1
PR 1999/12

Subject References:
financial products
interest expenses
product rulings
public rulings
tax avoidance
taxation administration
trusts
unit trusts
vendor finance

Legislative References:
ITAA36 51(1)
ITAA36 51AAA
ITAA36 82KH
ITAA36 82KJ
ITAA36 82KK
ITAA36 82KL
ITAA36 Pt III Div 3 Subdiv H
ITAA36 82KZL(1)
ITAA36 82KZM
ITAA36 82KZMA
ITAA36 82KZMB
ITAA36 82KZMC
ITAA36 82KZMD
ITAA36 82KZME
ITAA36 82KZME(9)
ITAA36 82KZME(10)
ITAA36 82KZME(11)
ITAA36 82KZMF
ITAA36 Part IVA
ITAA97 8-1
ITAA97 Subdiv 328-F
ITAA97 328-365
ITAA97 Subdiv 328-G
ITAA97 960-335
TAA53 Pt IVAAA
Copyright Act 1968
A New Business Tax System (Integrity and Other Measures) Act 1999
A New Business Tax System (Integrity Measures) Act 2000
A New Business Tax System (Simplified Tax System) Act 2001

PR 1999/12W history
  Date: Version: Change:
  14 April 1999 Original ruling  
  5 December 2001 Consolidated ruling Addendum
You are here 1 July 2002 Withdrawn  

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