Generally, you can claim deductions for car expenses if you own or lease the car you’re using. You can also claim deductions if you’re using your spouse or de-facto partner’s car. This is because the car is considered a joint asset.
You can only claim expenses directly related to your ride-sourcing business.
There are 2 different ways you can claim car expenses, the:
- cents per kilometre method
- logbook method.
You can only use one of these methods when calculating your car expenses.
Last modified: 18 Jul 2023
Ride-sourcing: Income, expenses and GST
Steps | Progress | ||||
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Ride-sourcing and tax |
4 mins | ||||
Managing income |
4 mins | ||||
Claiming expense deductions |
13 mins | ||||
Calculating and recording expense deductions |
6 mins | ||||
Calculating and recording GST |
6 mins | ||||
Completing your business activity statement (BAS) |
2 mins | ||||
GST considerations when purchasing a new ride-sourcing vehicle |
2 mins | ||||
Related courses |
1 mins | ||||
Course Feedback |
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