Product Ruling

PR 2002/70W

Income tax: Film Investment - 'Hating Alison Ashley'

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FOI status:

Notice of Withdrawal

Product Ruling PR 2002/70 is withdrawn with effect effect from today. It is replaced by Product Ruling PR 2004/6 which issues today.

1. PR 2002/70 relates to a project that involved the production of an Australian feature film to be titled 'Hating Alison Ashley'. Under the terms of the arrangement investors were to make capital contributions towards the production of the film on or before 30 June 2002 and acquire an interest in the copyright of the film in proportion to their contribution.

2. Paragraphs 23, 24 and 29 of PR 2002/70 required investors to make capital contributions toward the production of the Film on or before 30 June 2002. As no contributions were received from investors, on or before 30 June 2002, PR 2002/70 has no application to any investors and will be withdrawn.

Commissioner of Taxation
21 January 2004

This Ruling has been replaced by PR 2004/6

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

PR 2002/70