Binding Rulings

Are you looking for certainty when taking a tax position?


Obtaining a binding ruling from the Inland Revenue provides you with certainty for your tax position, it does not remove the requirement to file your tax return and pay any taxes owing.

Rulings are frequently used when:

  • The law is unclear and there could be multiple interpretations;
  • There is new legislation that applies to the transaction
  • The transaction is novel, sensitive or controversial;
  • The arrangement is a complex financing transaction