Some of your expenses may be used for both business and private use. You can only claim a deduction for the business portion of the expense – this is called apportionment. For example, if you use your smartphone 40% of the time for ride-sourcing and the rest of the time for private use, you can only claim a 40% deduction for the phone bill.
You will need to show how you calculated your business and private use expenses.
Common ways of showing this include:
- keeping diary entries of specific usage throughout the year
- claiming expenses from an itemised bill.
Last modified: 07 Sep 2022
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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