The Sharing Economy
The sharing economy connects buyers and sellers to each other, often through an app or a website. If you provide goods or services this way you need to consider how income tax, GST or any other tax applies to your earnings.
Popular sharing economy services include:
- renting out a room or a whole house or unit for a short-time basis, for example Airbnb and Stayz
- providing 'ride-sourcing' services for a fare (considered to be taxi travel for GST purposes) such as Uber, SheSafe, Shebah and GoCatch
- providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, for example Airtasker, Mad Paws and Deliveroo
- renting out a car parking space, for example Parkhound and Spacer.
Learn how to avoid a tax time debt with the ATO's information on the Sharing Economy.