Income tax: Quintis Sandalwood Album Project 2017 Retail Investment Offer
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Notice of Withdrawal
Product Ruling PR 2017/1 is withdrawn with effect from today.
1. Product Ruling PR 2017/1 sets out the Commissioner's opinion on the tax consequences for entities that acquire forestry interests between 5 April 2017 and 30 June 2017 in a forestry managed investment scheme known as Quintis Sandalwood Album Project 2017 Retail Investment Offer (the Project).
2. No applications were accepted and the Project did not proceed. PR 2017/1 has no application as it does not rule on the tax consequences for any taxpayer.
Commissioner of Taxation
28 June 2017
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