CPI Adjustment - CPI for Determination DET 05/03: Standard-cost household service for boarding service providers
CPI Adjustment - CPI 17/02 (2017) 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 2017 income year:
- The weekly variable standard-cost for one to two boarders will be $263 each; and
- The weekly variable standard-cost for third and subsequent number of boarders will be $215 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 2017, which showed an increase of 2.2%. For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2016 to 31 March 2017.