INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2A  

Calculating car expense deductions

TABLE OF DIVISIONS

1	Overview of the main points in this Schedule
2	Choosing which method to use
3	The ``cents per kilometre'' method
4	The ``12% of original value'' method
5	The ``one-third of actual expenses'' method
6	The ``log book'' method
7	Keeping a log book
8	Odometer records for a period
9	Retaining the log book and odometer records
10	Situations where you don't need to use one of the 4 methods
11	Definitions of ``car'', ``car expense'', ``holding a car'' and ``owning a car''

Division 7 - Keeping a log book  

SECTION 7-1   THE KEY PRINCIPLE  

A log book is relevant to estimating the number of business kilometres the car travelled in the period when you held it during the income year.

These are the steps for keeping a log book:

1. Identify an income year for which to keep a log book.

2. Choose a period of at least 12 weeks for the log book to cover.

3. Record journeys made in the car during the log book period in the course of producing your assessable income.

7-2 Income years for which you need to keep a log book

7-3 Choosing the 12 week period for a log book

7-4 How to keep a log book

7-5 Replacing one car with another