CPI Adjustment - CPI for Determination DET 05/03: Standard-cost household service for boarding service providers
CPI Adjustment CPI 16/02 (2016) for Determination 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 2016 income year:
- The weekly variable standard-cost for one to two boarders will be $257 each; and
- The weekly variable standard-cost for third and subsequent number of boarders will be $210 each.
The above amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index for the twelve months to March 2016, which showed an increase of 0.4%. For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2015 to 31 March 2016.