Product Ruling

PR 2003/8W

Income tax: Tanunda Hill Vineyard Project Stage II

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FOI status:

Notice of Withdrawal

Product Ruling PR 2003/8 is withdrawn with effect from today.

1. Product Ruling PR 2003/8 sets out the Commissioner's opinion on the tax consequences for persons participating in the Tanunda Hill Vineyard Project Stage II ('the Project') by entering into an allotment and management agreement for the purpose of carrying on a commercial viticulture project.

2. We have reviewed the Project and determined that the arrangement, as implemented, is materially different from that described in the Ruling for the following reasons:

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the vineyard establishment work was carried out prior to any Growers being accepted into the project; and

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this has a direct effect on the availability and/or quantum of deductions for all Growers.

3. As a result, Product Ruling PR 2003/8 has no application as it does not rule on the tax consequences for any taxpayer.

4. Growers who were accepted to participate in the Project cannot rely on PR 2003/8. However, such Growers may wish to lodge private ruling requests that will enable the tax consequences to be determined in relation to an individual's particular circumstances.

Commissioner of Taxation
4 August 2004

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

TR 97/11
TR 97/16
PR 1999/95
TR 92/1
TR 92/20
TD 93/34
TR 98/22
TR 2000/8
IT 360

Subject References:
carrying on a business
commencement of business
horticulture
irrigation expenses
management fees expenses
primary production
primary production expenses
primary production income
producing assessable income
product rulings
public rulings
schemes and shams
tax administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters

Legislative References:
ITAA 1997 3-1
ITAA 1997 6-5
ITAA 1997 8-1
ITAA 1997 17-5
ITAA 1997 Div 27
ITAA 1997 Div 35
ITAA 1997 35-10
ITAA 1997 35-10(2)
ITAA 1997 35-10(3)
ITAA 1997 35-10(4)
ITAA 1997 35-30
ITAA 1997 35-35
ITAA 1997 35-40
ITAA 1997 35-45
ITAA 1997 35-55
ITAA 1997 35-55(1)
ITAA 1997 35-55(1)(a)
ITAA 1997 35-55(1)(b)
ITAA 1997 Div 40
ITAA 1997 40-F
ITAA 1997 40-G
ITAA 1997 40-515
ITAA 1997 40-515(1)(a)
ITAA 1997 40-515(1)(b)
ITAA 1997 40-520(1)
ITAA 1997 40-525(2)
ITAA 1997 40-525(3)
ITAA 1997 40-530
ITAA 1997 40-535
ITAA 1997 40-540
ITAA 1997 40-545
ITAA 1997 40-550
ITAA 1997 40-630
ITAA 1997 40-635
ITAA 1997 40-645
ITAA 1997 Div 70
ITAA 1997 70-35
ITAA 1997 108-5
ITAA 1997 110-25(2)
ITAA 1997 Div 328
ITAA 1997 Subdiv 328-D
ITAA 1997 Subdiv 328-G
ITAA 1997 328-105
ITAA 1997 328-105(1)(a)
ITAA 1997 328-105(1)(b)
ITAA 1997 328-285(1)
ITAA 1997 328-285(2)
ITAA 1936 82KL
ITAA 1936 82KZL
ITAA 1936 82KZL(1)
ITAA 1936 82KZME
ITAA 1936 82KZME(1)
ITAA 1936 82KZME(2)
ITAA 1936 82KZME(3)
ITAA 1936 82KZME(4)
ITAA 1936 82KZME(7)
ITAA 1936 82KZMF
ITAA 1936 82KZMF(1)
ITAA 1936 Div 3 of Part III
ITAA 1936 Div 6
ITAA 1936 Part IVA
ITAA 1936 177A
ITAA 1936 177C
ITAA 1936 177D
ITAA 1936 177D(b)
TAA 1953 Part IVAAA
Corporations Act 2001
Copyright Act 1968

Case References:
FCT v. Lau
84 ATC 4929
(1984) 16 ATR 55