How does the ATO treat Uber, Airbnb style services? What you need to know
Uber is calling for drivers, Airbnb is seeking more hosts but what are the implications of becoming part of the sharing economy? The basics of tax apply regardless of how you earn money. That is, even though you may be earning income from different sources or using different platforms to generate income, the fundamental tax issues remain the same. You don’t have to be carrying on a business to pay tax on income you earn. And, given that so many of these services are through
