Income tax: Peppermint Springs Vineyard Project (post 30 June 2005 Growers)

Product Ruling PR 2005/101 sets out the Commissioner's opinion on the tax consequences for persons participating in the Peppermint Springs Vineyard Project (post 30 June 2005 Growers) by entering into a Lease Agreement and a Management Agreement for the purpose of carrying on a commercial viticulture project.

The Project did not proceed as no taxpayers entered into the arrangement described in the Product Ruling during the relevant period. Therefore, Product Ruling PR 2005/101 has no application as it does not rule on the tax consequences for any taxpayer.