Cents per km or logbook?
Cents per kilometre stops at 5,000 km. See what the logbook method could be worth for the kilometres you really drive.
Cents per km
$4,400
5,000 km × 88c, capped
Logbook method
$12,500
83.3% business use
A deduction, not money back: what you save depends on your tax rate. The logbook method needs a 12-week logbook and receipts; cents per km covers all car costs and stops at 5,000 business km per car. The ATO asks ride-sourcing drivers to apportion costs to the time spent providing rides, so check with a registered tax agent. Logbook method · Cents per km · Ride-sourcing
The thinking behind it
- The 12-Week Logbook, Step by Step
A logbook takes twelve weeks to fill and then works for five years. What has to be in it, how the percentage is used, and how to tell whether it beats the cents per kilometre method.
- GST and BAS for Rideshare Drivers: What You Actually Have to Lodge
Rideshare is one of the only jobs in Australia where GST starts at the first dollar. What that means, what a BAS is, when it is due, and how much to hold back each week.
More free tools
- What driving really pays
Your weekly pay, less fuel, wear, car costs, GST and income tax. The hourly rate the apps never show.
- Rent or buy the car?
A rideshare rental against owning: weekly cost with fuel, insurance, servicing and what the car loses in value.
- What insurance really costs
A premium is a yearly number and you earn by the hour. See it per hour and per kilometre, compare two quotes on excess as well as price, and price what a write-off would actually cost you.
Track it for real.
DriveWise AI works this out from every shift you log, whichever apps you drive for, and builds your car logbook, BAS figures and year-end file as you go.