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  • Income earned through the sharing economy or other marketplaces

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The sharing economy is economic activity through a digital platform (such as a website or an app) where people share assets or services (labour) for a fee. The income you earn through the sharing economy is assessable which means you:

    • must declare all of your sharing economy income in your tax return
    • can claim deductions for associated expenses.

    Common sharing economy activities include:

    • ride-sourcing, sometimes known as ride-sharing (for example Uber, Shebah, Didi or GoCatch)
    • accommodation (for example AirBnB, HomeAway or Flipkey)
    • sharing assets like cars, caravans, tools or personal belongings (for example Car Next Door, Camplify, Spacer or Toolmates)
    • providing services or completing tasks through a digital platform, sometimes known as the 'gig economy' (for example Hark Hark, Mad Paws or Oneflare).

    For more information, go to The sharing economy and tax.

    Use the Personalise return screen to select items that are relevant to you.

    Ride sourcing

    If you received income for 'ride-sourcing' services, select:

    • You were a sole trader or had business income or losses, partnership or trust distribution (not from a managed fund)
      • Business/Sole trader income or loss, then
      • Business income or loss
       

    Renting out all or part of your home

    If you received income from renting out a room or whole house or unit for a short-term basis, select:

    • You had Australian interest, or other Australian income or losses from investments or property
      • Rent (Australian properties)
       

    Sharing assets (excluding accommodation)

    If you received income from sharing assets (you own or lease) where you were:

    • not carrying on a business, select:
      • You had other income not listed above (including employee share schemes)
       
    • carrying on a business, select:
      • You were a sole trader or had business income or losses, partnership or trust distribution (not from a managed fund)
        • Business/Sole trader income or loss, then
        • Business income or loss
         
       

    Providing services or completing tasks

    If you received income for your services or completing tasks through a digital platform where you were:

    • an employee of the platform, select:
      • You received salary, wages or other income on an income statement/payment summary, Australian Government payments, or First home super saver (FHSS) scheme payment
        • Salary, wages, allowances, tips, bonuses etc. (including lump sum A, B, D or E payments)
         
       
    • carrying on a business, select:
      • You were a sole trader or had business income or losses, partnership or trust distribution (not from a managed fund)
        • Business/Sole trader income or loss, then
        • Business income or loss
         
       
    • not an employee or the platform or carrying on a business, select:
      • You had other income not listed above (including employee share schemes).
       

    Additionally, if you want to claim deductions for expenses incurred related to your income, where you were:

    • an employee of the platform, select:
      • You had deductions you want to claim
        • Work-related expenses – You must have an income statement/payment summary for salary and wages, or foreign employment income
         
       
    • not an employee of the platform or carrying on a business, select:
      • You had deductions you want to claim
        • Other deductions.
         
       
      Last modified: 26 Jun 2019QC 59103