Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 28 - Car expenses  

Subdivision 28-F - The " log book " method  

SECTION 28-100   Substantiation  

28-100(1)    
To use this method, you must substantiate the * car expenses under Subdivision 900-C .

28-100(2)    
You must also keep a log book. Subdivision 28-G explains:

  • • how often you need to keep a log book;
  • • how to keep a log book.

    • The 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.


    28-100(3)    
    You must keep odometer records for the period when you * held the * car during the income year. Subdivision 28-H tells you about odometer records, which document the total number of kilometres the car travelled in that period.

    28-100(4)    
    You must record the following information, in writing, before you lodge your * income tax return:


    (a) your estimate of the number of * business kilometres; and


    (b) the * business use percentage.

    However, the Commissioner may allow you to record the information later.


    28-100(5)    
    You must retain the log book and the odometer records. Subdivision 28-I has the rules about this.

     

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