Income earned through the sharing economy or other marketplaces

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.

For more information, go to Sharing economy and tax.

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

Ride-sourcing and food delivery

If you received income for 'ride-sourcing' or food delivery 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
  • 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

Your selection will depend on your relationship with the platform and other parties to the agreement.

If you are not in business

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)
     
   
• not an employee of 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 salary or wages income
     
   
• not an employee of the platform or carrying on a business, select
  • You had deductions you want to claim
    • Other deductions.
     
   

If you are in business

If you received income for your services or completing tasks through a digital platform where you were 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 select either
    • Personal services income
    • Business income or loss.
     
   

This selection will enable you to show both your business income and expenses.

Further information that may assist your choice

When earning income for services as a business, you need to consider whether personal services income (PSI) applies to you.

Income you earn mainly from your personal skills, efforts or expertise is classified as PSI. If the income is PSI, you will need to work out if special tax rules (the PSI rules) apply. If the PSI rules apply, they will affect how you report your income to us and the deductions you can claim.

You can use our tool to work our whether PSI was received and if the PSI rules apply.