DET 05/03 Standard-cost household service for boarding service providers - CPI Adjustment 07/02 (March 07)

In accordance with the provisions of Determination DET-05/03, as published in Tax Information Bulletin Vol 17, No 10 (December 2005), Inland Revenue advises that the weekly standard-cost component for the 2007 income year, is retrospectively adjusted as follows:

1. The weekly standard-cost for one to two boarders will increase from $207 each to $213 each.
   
2. The weekly standard-cost for third and subsequent number of boarders will increase from $168 each to $173 each.

The above amounts have been adjusted in accordance with the annual movement of the All Groups Consumers Price Index for the twelve months to March 2007, which showed an increase of 2.5%. For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2006 to 31 March 2007.