Technical tax area: Product rulings
Download product rulings
We issue product rulings only if both the following conditions are met:
- it is not feasible to seek a private ruling on the arrangement (this is generally because the identities of the other parties may not be known), and
- the characteristics of the taxpayers who may enter into the arrangement do not affect the content of the ruling.
Product rulings are issued by the Office of the Chief Tax Counsel (OCTC) business group of Inland Revenue. If you have any inquiries about product rulings please contact us
The table below lists product rulings issued by year and number (BR Prd), with a brief description of the subject matter (earlier years will progressively be added).
Caution should be exercised when considering these product rulings:
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Product rulings apply only to the arrangement specified in the ruling. A general similarity to an arrangement will not necessarily lead to the same tax result.
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Rulings generally expire after three years.
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The table below does not indicate whether a ruling has expired (the expiry date of a ruling is set out in the text under the heading "The period for which this Ruling applies").
- Occasionally, a ruling is withdrawn before its expiry date. The table below indicates that a ruling has been withdrawn only if the ruling would be current if it had not been withdrawn.
Loyalty Bonus Shares
Applicant: Mighty River Power
This product ruling applies to the transfer of shares in Mighty River Power Limited (which includes the loyalty bonus shares), by the Crown to New Zealand Applicants under the Initial Public Offering (IPO) of shares in Mighty River Power Limited.
Ruling applies from: 5 April 2013 to 4 April 2016
BR Prd 13/01 - RTF format (82kb | 3 pages)
BR Prd 13/01 - PDF format (33kb | 3 pages)
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Date published: 06 Jul 2011
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