Standard-cost household service for boarding service providers
A review of the annual movement of the CPI for the twelve months to March 2018 has resulted in a change to standard-cost amounts for the 2018 income year.
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 2018 income year:
- The weekly variable standard-cost for one to two boarders will be $266 each; and
- The weekly variable standard-cost for third and subsequent number of boarders will be $218 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 2018, which showed an increase of 1.1%. For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2017 to 31 March 2018.