Show download pdf controls
  • The sharing economy and tax

    The sharing economy is economic activity through a digital platform (such as a website or an app) where people share assets or services for a fee.

    If you provide services or assets through a platform for a fee, you need to consider how income tax and goods and services tax (GST) applies to your earnings.

    Popular sharing economy activities include:

    • providing ride-sourcing (sometimes also known as ride-sharing) services for a fare, through platforms such as Uber, Hi Oscar, Shebah or GoCatch
    • renting out a room or a whole house or unit on a short-term basis, through platforms such as Airbnb, HomeAway or Flipkey
    • sharing assets, including cars, caravans/RVs, car parking spaces, storage space or personal belongings, through platforms such as Camplify, Car Next Door, Spacer, Toolmates or Quipmo
    • providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, through platforms such as OneFlare, Mad Paws or Hark Hark. This is sometimes referred to as the ‘gig economy’.

    There are some activities that aren't considered to be part of the sharing economy, such as:

    However, you still need to consider how income tax, GST and other obligations may apply to you if you earn income from these other activities.

    If you need more help with your tax affairs, you can always speak to a registered tax or BAS agent.

    Find out about:

    See also:

    Watch:

    Media: What is the sharing economy?
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiubtzdjz3External Link (Duration: 01:30)

    Last modified: 12 Jun 2019QC 53218