Taxation of car sharing

Is the rental income I receive from GoMore taxable?

Yes. What you earn from renting your car as an individual through GoMore is mainly considered as taxable capital income, which must be reported in your declaration. Guidance on the taxation of sharing economy services is provided on the Tax Administration’s website. Instructions can be found here and an illustrative example of peer-to-peer car sharing is described later in this article. 

Where can I find a summary of the rental income I have received through GoMore?

An overview of your earnings as well as milage from your rentals can be found by following this path on our platform:

Select your profile picture from the top right corner and click on "Earnings" -> "Earnings". If you need more information on your income or have any questions about it, please contact GoMore Support. 

Can I deduct tax costs related to renting a private car?

Yes, according to the tax administration you can deduct SEK 13 per Swedish mile that the car has driven during all your rentals during the year. The total milage is based on the milage history that is entered in each rental contract. This information can be found under the "Earnings" tab in your profile but you can also contact GoMore Support in good time before the declaration to receive summarized statistics via e-mail. We will then also inform you about the exact amount that you can deduct. 

Your rental earnings, minus the milage deduction, can be added in your declaration under section 7.2. You can find info about this on the Swedish Tax Agency's website along with examples on how to count the income. 

You cannot make deductions for any expanses that are usually connected to the car, such as for parking space.

How does it work if I rent my business’ car through GoMore?

If you rent your car through GoMore as an actual income-generating activity you can create a commercial owner profile on our service. You can constantly see your accrued rental profile on your profile, which you can then conveniently report to the tax authorities and calculate the relevant deductions from the expenses incurred.

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