All information provided by evee in this article is based on general guidance from the Australian Taxation Office (ATO). We will do our best to keep it up to date; however, it is your responsibility to ensure you are following the current guidelines. If you have questions specific to your situation, please seek the professional advice of an accountant.
The ATO has published specific guidance on how peer-to-peer car sharing works, which we recommend you read: Peer-to-peer car sharing deductions. Income earned from renting out your car on the evee platform must be declared in your tax return. You may be able to claim expenses for income tax purposes if they are directly related to the sharing of your car (e.g. membership fees, availability fees, and car expenses), provided you keep records such as receipts to support your claims.
If you wish to register your car sharing activities under a business, please consult with your accountant first. As with income tax, there is no one-size-fits-all solution and your accountant will be able to provide professional advice tailored to your individual situation. In some cases, GST may be applicable — the ATO has published guidance on how GST applies when sharing assets if you need further information.