OS 19/03 (CPI 2020)
Issued
15 May 2020

2020 CPI adjustment to Operational Statement OS 19/03: Square metre rate for the dual use of premises

This update to OS 19/03 shows the annual adjustment to the square metre rate for the dual use of premises.

Tax Information Bulletin Vol 32 No 5 June 2020

In accordance with Section DB 18AA of the Income Tax Act 2007, the Commissioner advises that the square metre rate for the 2020 income year (1 April 2019 to 31 March 2020) is set at $42.75.  The amount reflects the annual movement of the Consumers Price Index for the twelve months to March 2020, which showed an increase of 2.5%.

Operational Statement OS 19/03: Square metre rate for the dual use of premises provides further information on the use of the square metre rate.