Income tax: Curtis Eastern Project

Product Ruling PR 2008/46 was to rule on the income tax consequences for Growers accepted into the Curtis Eastern Project (the Project) from 21 May 2008 to 30 June 2008 inclusive. Growers were to participate in the business of commercial growing and cultivation of Pinus radiata trees for the purpose of harvesting and selling timber.

The Project did not commence as no interests in the Project were sold. Therefore PR 2008/46 will have no application as it will not rule on the tax consequences for any taxpayer.