Product Ruling

PR 1999/47W

Income tax: The Koorian Olives Project

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FOI status:

Notice of Withdrawal

Product Ruling PR 1999/47 is withdrawn with effect from today.

An Addendum ruling on the application of the Non Commercial Loss provisions has issued and the Project is no longer being sold.

Commissioner of Taxation
27 June 2001

References

ATO references:
NO T2000/13746

Related Rulings/Determinations:

IT 2001
PR 98/1
TD 93/34
TR 92/1
TR 92/20
TR 97/11
TR 97/16

Subject References:
capital gains tax
carrying on a business
commencement of business
fee expenses
horticulture
insurance expenses
interest expenses
management fees expenses
product rulings
public rulings
primary production
primary production expenses
producing assessable income
rental expenses
schemes and shams
taxation administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters
tax shelters project

Legislative References:
ITAA1936 82KH(1)
ITAA1936 82KH(1F)(b)
ITAA1936 82KL
ITAA1936 82KL(1)
ITAA1936 82KZM
ITAA1936 Pt IVA
ITAA1936 177A
ITAA1936 177C
ITAA1936 177D
ITAA1997 6-5
ITAA1997 8-1
ITAA1997 8-1(1)(a)
ITAA1997 8-1(1)(b)
ITAA1997 8-1(2)
ITAA1997 Pt 2-25
ITAA1997Pt 3-1
ITAA1997 Subdiv 387-B
ITAA1997 387-125
ITAA1997 Subdiv 387-C
ITAA1997 387-165
ITAA1997 387-170(3)
ITAA1997 387-185

Case References:
Coles Myer Finance Ltd v. Federal Commissioner of Taxation
(1993) 176 CLR 640
93 ATC 4214
(1993) 25 ATR 95