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 7-3   CHOOSING THE 12 WEEK PERIOD FOR A LOG BOOK  

7-3(1)   [Continuous 12 week period]  

The log book must cover a continuous period of at least 12 weeks throughout which you held the car. If you hold the car for less than 12 weeks, the period must be the entire period for which you held the car.

Note: For the definition of ``holding a car'' see section 11-3 .

7-3(2)   [Income years may overlap]  

The period may overlap the start or end of the income year, so long as it includes part of the year.

7-3(3)   [Two or more cars]  

If you want to use the ``log book'' method for 2 or more cars for the same income year, the log books for those cars must cover periods that are concurrent.