How does a taxi licence earn an income (without me driving a taxi)?
There are two ways to generate an income from a taxi licence: leasing and operating (management). Either method is currently returning between 5.5% to 8.5% p/a before tax, all depend on which state. This is assessing only income, and does not assess any capital gain that may be made. Taxi Licence Leasing: Leasing a taxi licence is a passive investment. The licence owner leases their licence to a Taxi Fleet Company or individual operator who provides and owns the taxi cab. The licence owner has no involvement in the running of the taxi cab operation. The current lease price for a Taxi Licence for a regular cab in Melbourne $2,600.00, in Sydney $2,400, in Adelaide 2,000, in Brisbane $2,000, in Perth $1,538 pcm plus GST. You can always call our office on 1300 262 262 for more information.
