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  • Ride-sourcing – income and deductions

    We know the challenging economic conditions and social distancing restrictions imposed on businesses such as restaurants, night clubs, sporting venues and airports will have caused a reduction in the demand for your ride-sourcing services.

    Media: There's more to ride-sourcing than having a car
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiub7isr97External Link (Duration: 00:49)

    If the current circumstances have forced you to take on other types of work and incur different expenses, you may be entitled to claim a deduction for these expenses.

    It is important that you report all your income, including income received from ride-sourcing in your income tax return and business activity statements to enable you to claim these deductions.

    We receive information about income you’ve been paid from ride-sourcing and some delivery work through the ride-sourcing data matching program protocol. We can use this information to ensure income is being correctly reported.

    See also:

    Business and private use

    Expenses can sometimes be part business and part private use. You can only claim a deduction for the business portion of the expense – this is called apportionment. You need to show how you calculated whether your expenses were related to business or private use.

    Claiming GST credits

    You must be registered for GST to claim GST credits.

    You can claim a credit for any GST included in the price you pay for goods and services you use in your business. This is called an input tax credit, or a GST credit.

    If you claim a credit for GST paid on an expense, you can only claim the remaining amount (the total cost minus GST) as an income tax deduction.

      Last modified: 15 Apr 2021QC 63376