CPI Adjustment-CPI for Determination DET 05/03: Standard-cost household service for boarding service providers

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, for the 2015 income year:

1. The weekly variable standard-cost for one to two boarders is confirmed at $254 each; and
2. The weekly variable standard-cost for third and subsequent number of boarders is confirmed at $208 each.

The above amounts have been confirmed as a consequence of the annual movement of the Consumers Price Index for the twelve months to March 2015, which showed an increase of 0.1%.  For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2014 to 31 March 2015.