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.