Can I claim a car-sharing loss against my salary and other income?

The general advice we have received is that if your costs exceed your income from sharing your car, then you can offset the loss against your salary or other income. You may wish seek advice for your own circumstances.

Most people share their car simply to offset the cost and reduce waste of a car that they would own anyway, and don’t intend to earn a profit. So it’s not unusual for a car’s income to be less than the costs that the ATO allows you to claim.

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