Product Ruling

PR 2009/29W

Income tax: AIL Almond Grower Project - Miralie: 2009 Growers (to 15 June 2009)

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Notice of Withdrawal

Product Ruling PR 2009/29 is withdrawn with effect from today.

1. Product Ruling PR 2009/29 set out the Commissioner's opinion on the tax consequences for persons participating in the AIL Almond Grower Project - Miralie: 2009 Growers (to 15 June 2009) (the Project) by entering into an Allotment Management Agreement and an Allotment Sub-Lease Agreement for the purpose of carrying on a commercial horticultural project.

2. The Project did not proceed, therefore, no investors have been able to enter into the Project as Growers. Product Ruling PR 2009/29 has no application as it does not rule on the tax consequences for any taxpayer.

Commissioner of Taxation
5 August 2009

Not previously issued as a draft

References

ATO references:
NO 2006/20258

Related Rulings/Determinations:

TR 97/7
TR 97/11
TR 98/22