The most frequently asked question by every rideshare driver is “what can I claim in my tax return as a rideshare Uber driver?” 

We’ve prepared a full list of what you can claim as a Uber driver in your tax return. You’ll need to keep evidence of all your expenses in case you are audited by the ATO.  You can store copies of your receipts and statements in the Rideshare Tax app. If you paid using a card, the expense can be substantiated using a business bank account up to the amount of $82.50 including GST.

Here is a full list of what you can claim:

Expenses claimable with a logbook

Fuel
Insurance
Registration
Service & Maintenance – Oil, tyres and all car maintenance costs
Car Cleaning – Regular car cleaning costs, car wash, car cleaning detergents etc
Car Accessories – Dashcam, seat covers, car mats, hand vacuum, GPS
Car Rental or Lease Costs (Maven, Splend etc)
New car purchase (If you purchased from a GST registered dealer, you can claim the GST)
Depreciation – You’ll need the tax invoice of your car so that we can calculate the depreciation. Depreciation only applies to your end of year tax and not your quarterly BAS.
Interest on car loan or finance – You can only claim the interest component of the repayment, not the whole amount. When you submit your tax return with us, you can upload your loan contract and we can work this out for you.

For more information on why you need a logbook, click here

Expenses which require evidence of business use

Mobile phone – Phone bill, new phone, car charger, phone holder, screen protectors, phone cover
Internet – Home internet, pocket wifi internet
Music stream – Apple Music, Spotify, iTunes, Pandora Radio

Other rideshare expenses

Fees & Commission
Rideshare start-up fees – Driver accreditation, police and medical checks, working with children checks
Parking fees – Cost directly related to your rideshare business
Road tolls – Tolls directly related to your rideshare business
Refreshments – Mints, newspaper, tissues and wipes
Bottled water – Running Costs
Tax agent fees – Office Expense
Computer expenses – Computer, iPad, printers, mouse, USB
Office supplies – Business cards, pens, notebooks, diaries
Damage to car (Damage caused by passengers such as vomit, alcohol etc, you can claim this in total)
Bank fees – If you keep a separate bank account for your ridesharing business.

Costs that are not deductible include:

Fines and penalties
Driver’s Licence – This is the case even if rideshare is your only source of income.
Clothing – Clothing is a personal expense and cannot be claimed unless it is safety wear.
Personal Hygiene costs
Meals

 

Do you have any questions? Leave a comment below and the Rideshare Tax will respond.

Drive more. Worry less.