2025 CPI adjustment to Operational Statement OS 19/03: Square metre rate for the dual use of premises

In accordance with Section DB 18AA of the Income Tax Act 2007, the Commissioner advises that the square metre rate for the 2025 income year (1 April 2024 to 31 March 2025) is set at $55.60. The amount reflects the June 2019 Household Economic Survey utility costs information sourced from Statistics New Zealand (adjusted for inflation) and the annual movement of the Consumers Price Index for the twelve months to March 2025, which showed an increase of 2.5%.

See the related operational statement for further information on the use of square metre rate.