Product Ruling

PR 2005/20W

Income tax: Sylvatech Tropical Timbers 2005 - 2006 Growers

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FOI status:

Notice of Withdrawal

Product Ruling PR 2005/20 is withdrawn with effect from today.

1. Product Ruling PR 2005/20 sets out the Commissioner's opinion on the way in which certain tax laws apply to participants in the Sylvatech Tropical Timbers 2005 - 2006 Growers which would've applied to Growers accepted into the Project during the period 1 July 2005 and 28 February 2006.

2. The Sylvatech Tropical Timbers 2005 Product Disclosure Statement has been withdrawn from the market. Consequently, the Product was not sold and there are no participants in the Project. Product Ruling PR 2005/20 has no application.

Commissioner of Taxation
17 August 2005

References

ATO references:
NO 2003/11684

Related Rulings/Determinations:

IT 360
PR 1999/95
PR 2005/19
TD 93/34
TR 92/1
TR 92/20
TR 97/11
TR 97/16
TR 98/22
TR 2000/8
TR 2001/14
TD 2003/12

Subject References:
borrowing expenses
carrying on a business
commencement of business
non-commercial losses
primary production
primary production expenses
management fee expenses
producing assessable income
product rulings
public rulings
schemes and shams
taxation administration
tax avoidance
tax benefits under tax avoidance schemes
tax shelters

Legislative References:
ITAA 1936 Pt 3 Div 3 Subdiv H
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 82KZMG
ITAA 1936 82KZMG(1)
ITAA 1936 82KZMG(2)
ITAA 1936 82KZMG(3)
ITAA 1936 82KZMG(4)
ITAA 1936 82KZMG(5)
ITAA 1936 Pt IVA
ITAA 1936 177A
ITAA 1936 177C
ITAA 1936 177D
ITAA 1936 177D(b)
ITAA 1997 6-5
ITAA 1997 8-1
ITAA 1997 17-5
ITAA 1997 25-25
ITAA 1997 25-25(1)
ITAA 1997 25-25(3)
ITAA 1997 25-25(4)
ITAA 1997 Div 27
ITAA 1997 Div 35
ITAA 1997 35-10
ITAA 1997 35-10(2)
ITAA 1997 35-55
ITAA 1997 35-55(1)
ITAA 1997 35-55(1)(a)
ITAA 1997 35-55(1)(b)
ITAA 1997 Div 328
ITAA 1997 Subdiv 328-F
ITAA 1997 Subdiv 328-G
ITAA 1997 328-105
ITAA 1997 328-105(1)(a)
Copyright Act 1968
Corporations Act 2001
TAA 1953 Pt IVAAA

Case References:
Commissioner of Taxation v. Lau
(1984) 6 FCR 202
84 ATC 4929
(1984) 16 ATR 55