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theconcierge(I'm new)I'm new
22 Nov 2021

I currently do uber eats on the side of my main job. In my " day job" I earn around 100k and so far I have made round $1500 doing uber eats over the last 6 weeks. I am now thinking about buying an e-bike ( say 6k) to boost the number of days I deliver. Is the cost of the bike deductable at all? I would use it 80-90% for delivery with the other 10% for a social ride with the kids.

3,400 views
1 replies
3,400 views
1 replies

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Most helpful reply

TaxedoMask(Devotee)Devotee
22 Nov 2021

Yes - ordinarily it would be a decline in value and there's no ATO guidance on the effective life (it'll come out July 2022.) https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/In-detail/Effective-life/Reviews-in-progress/Capital-allowances--review-of-e-bicycles-and-e-scooters/ However, you should be able to fit under the temporary full expensing rules, in particular para 12. For all entities, full expensing is only temporary. An eligible entity will need to start holding the depreciating asset and start to use the asset, or have it installed ready for use, for a taxable purpose on or before 30 June 2022. See LCR here https://www.ato.gov.au/law/view/document?DocID=COD/LCR2021D1/NAT/ATO/00001&PiT=99991231235958

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Most helpful reply

TaxedoMask(Devotee)Devotee
22 Nov 2021

Yes - ordinarily it would be a decline in value and there's no ATO guidance on the effective life (it'll come out July 2022.) https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/In-detail/Effective-life/Reviews-in-progress/Capital-allowances--review-of-e-bicycles-and-e-scooters/ However, you should be able to fit under the temporary full expensing rules, in particular para 12. For all entities, full expensing is only temporary. An eligible entity will need to start holding the depreciating asset and start to use the asset, or have it installed ready for use, for a taxable purpose on or before 30 June 2022. See LCR here https://www.ato.gov.au/law/view/document?DocID=COD/LCR2021D1/NAT/ATO/00001&PiT=99991231235958

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Claiming e-bike purchase for Uber Eats | ATO Community