What is the sharing economy?
The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually operates an app or a website.
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) such as Uber and GoCatch
· providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, like Airtasker and Mad Paws
· renting out a car parking space, for example Parkhound and Spacer.
For information from the ATO on tax obligations from providing services through ride-sourcing, click here
If you would like to discuss this or any topic further, please email: firstname.lastname@example.org