Product Ruling

PR 1999/48W

Income tax: Bridgeland Vineyards Project

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FOI status:

Notice of Withdrawal

Product Ruling Pr 1999/48 is withdrawn

The applicant did not proceed with the arrangement described in the Ruling and withdrew the Prospectus from public offer on 29 June 1999. The Ruling is withdrawn with the applicant's consent.

This Ruling will not now issue and assistance and information to taxpayers will be provided by other means.

Commissioner of Taxation
20 October 1999

References

ATO references:
NO NAT 99/3506-1

Related Rulings/Determinations:

IT 175
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 Pt 2-5
ITAA1997 6-5
ITAA1997 8-1
ITAA1997 8-1(1)(a)
ITAA1997 8-1(1)(b)
ITAA1997 8-1(2)
ITAA1997 42-15
ITAA1997 42-125
ITAA1997 43-25
ITAA1997 387-125
ITAA1997 387-165
ITAA1997 387-170(3)

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