Inland Revenue (NZ) calculators. Prescribed investor rate

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Square Metre Rate Option
This calculator is based on the Using your home for your business page - Located at www.ird.govt.nz

This is a new calculator
Please double check the figures & give feedback below.

Expenses incurred in the year
Tax Year:
Mortgage interest	Rent	Rates
Total Expenses:	$0.00

Floor area
Total floor area of your home in square metres	Floor area separately identifiable for your business in square metres (*)
(*) - The use of the phrase separately identifiable means that it needs to be obvious that a particular area is "identifiable" as being used for a business purpose that is separate from any other purpose. Refer to Operational statement OS 19/03 Square metre rate for the dual use of premises
Business proportion percentage:	0.00 (0.00 %)

Using your home for your business, Square Metre Rate Option calculation for the 0 tax year.

Values Entered for yearly expenses:
Mortgage: 0
Rates: 0
Rent: 0

Total expenses: $0.00

Total home area: 0 - Business floor area 0
(floor area in metres square)

Calculation:

Business floor area 0 meters square divide by total floor area 0 meters square results in a business percentage of 0.00%

Total expenses: $0.00, multiplied by
Area rate of your business: 0.00 / 0.00% - total $0.00 (A)

Part two:
Business area of your house: 0 square meters, multiplied by the 0 square metre rate that is published by Inland Revenue - $41.1.

Subtotal result is $0.00. (B)

Add A and B together - $0.00 expenses you can claim in the 0 tax year.

Calculated on:- http://newtib.kwister.com/calculators/square
Based on IRD website: https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-expenses/using-your-home-for-your-business
Todays date:- May 17, 2024

You can copy the above text into a letter or MYIR webmail to send to Inland Revenue.