To use this feature, you will need to login or create an account.
Don't have an account yet?
Create an account.
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 | ||||
---|---|---|---|---|---|
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 |
|||||