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Use this calculator if you have paying boarders living in your home and want to find out if you are required to return income using the standard cost basis for an income year.
Use of this tool does not result in data being submitted to us.
When you have paying boarders living in your own home you must pay tax on the profit (taxable income) that you make. There are two ways you can work out the amount of taxable income.
This calculator will work out your likely tax liability by deducting the standard costs determined by us from the total payments you receive.
The calculator result is as accurate as the information you enter. If you leave out some income, the calculation will be incorrect.
You will need details of the:
You may wish to keep a print copy of this worksheet for your personal records.
No information you provide while using the calculator is recorded, saved or in any way referenced by Inland Revenue. The calculator is stored on a secure part of our website to prevent unauthorised interception. If you are unable to access the calculator, you may need to update your browser and/or firewall settings.