Got a side hustle? What you need to know about tax
More people are earning extra money from ride-share, delivery, short-stay rentals, freelancing and online selling. Platforms now report what you earn to the tax office, so it is important to get it right.
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Platforms report: Under the sharing economy reporting regime, ride-sourcing and short-term accommodation platforms report from 1 July 2023, and most other platforms from 1 July 2024.
Is it a hobby or a business?
Income from a business must be declared. Signs of a business include making a profit (or aiming to), doing it regularly, and running it in a business-like way. A true hobby is usually not taxed – but most regular side hustles are.
Common side hustles
🚗 Ride-share
Ride-share drivers must register for GST from the first dollar, regardless of income.
🛵 Food delivery
Income is taxable. GST registration is generally needed once turnover reaches $75,000.
🏠 Short-stay rental
Income is taxable, and expenses are claimed for the days rented. It can affect CGT on your home.
💻 Freelancing
Income is taxable. You may need an ABN.
📦 Online selling
Selling your own used items is usually not taxed. Buying to resell usually is.
🎥 Content creation
Income, gifts and free products can be taxable.
What you can claim
- Fuel and car costs (with a logbook or records)
- Phone and internet (work-use part)
- Platform fees and commissions
- Equipment and supplies
- Cleaning and supplies for short-stay rentals
What to do
- Keep records of income and expenses
- Get an ABN if you are running a business
- Check if you need GST
- Declare it in your tax return – and amend past returns if you missed it
⚠️ General information only – not tax or legal advice. Whether an activity is a business or a hobby depends on the facts. This page is a simple overview as at November 2026 and does not consider your personal circumstances. Laws, rates and thresholds change, and outcomes are decided by the tax office or the courts – UV TAX cannot guarantee any result. Please get advice for your situation before acting.
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0466 268 405Frequently asked questions
Do I need to declare side hustle income?
Usually yes. Income from a business, including most regular side hustles, must be declared.
Do ride-share drivers need GST?
Yes. Ride-share drivers must register for GST from the first dollar, regardless of income.
Do platforms report my income?
Yes. Under the sharing economy reporting regime, most platforms report sellers' income to the tax office.
Is selling my old stuff online taxable?
Usually not, if you are selling your own personal items. Buying items to resell is usually a business.
What if I forgot to declare it?
Amend your return. Coming forward early usually means lower penalties.
Related
General information current as at November 2026.