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Inland Revenue

Tax Policy

PUBLISHED 10 March 2020

Determination for NZX Milk Price Futures Contracts issued

Inland Revenue officials have released determination G31 – NZX Milk Price Futures Contracts: an expected value approach.

The determination clarifies and simplifies the tax treatment of these contracts, and will apply to all transactions entered into on or after 1 April 2020.

For more information see the determination.