Income tax: Loddon Olive Project - 2003 Growers

Product Ruling PR 2003/28 is withdrawn with effect from today.

Product Ruling PR 2003/28 dealt with the tax consequences of investing in the Project by Growers entering into a Grove Licence Agreement and a Management Agreement to commercially grow and cultivate olive groves to produce olives.

The minimum subscription was not met and the Project did not proceed. Product Ruling PR 2003/28 does not rule on the income tax consequences for any taxpayer.