Show download pdf controls
  • Sharing economy

    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. New sharing economy arrangements are coming into the market regularly.

    If your clients are engaged in the sharing economy, their income and deductions need to be included in their tax returns.

    Sharing economy activities include:

    • ride-sourcing – transporting passengers for a fare
    • renting out all or part of a home for a short-term basis
    • sharing assets, such as
      • personal assets like boats, cars or caravans
      • storage or business spaces like car parking spaces or offices
      • personal belongings like tools or sports equipment
    • providing services, such as
      • delivering goods like food or parcels
      • performing tasks and activities for other people like odd jobs, cleaning or running errands
      • providing professional services like web or trade services.

    If your clients provide goods or services through digital platforms, consider how income tax, goods and services tax or any other tax applies to their earnings.

    See also:

    Last modified: 30 May 2019QC 49118