Vehicle Log Books

  • Your vehicle logbook is valid for five (5) years
  • Your logbook must cover a minimum of 12 continuous weeks
  • If you started using your car for business purposes less than 12 weeks before the end of 2010 - 2011 you can continue to keep the logbook into 2011 - 2012 (so that you cover the minimum 12 week period)
  • If you want to keep a logbook for two or more cars (used for the same purpose at the same time) the logbook must cover the same period of time for all cars
  • If you established the business use percentage of your vehicle from a previous year logbook you must keep that logbook and maintain odometer records for the current financial year
     

Your logbook for 2010 - 2011 must contain the following information: 

  • When the logbook period begins and ends.
  • Your car’s odometer reading at the start and end of the logbook period.
  • The total number of kilometers the car traveled during that period.
  • The number of kilometers traveled for work activities, based on journey’s recorded in the logbook.
  • The business use percentage for the logbook period.
     

Each individual logbook entry for 2010 - 2011 must contain the following information:

  • The date the journey began and the date the journey ended.
  • Your car’s odometer reading at the beginning and end of your journey.
  • How many kilometers were traveled in the journey?
  • The reason for the journey (eg. Visit client - name & address attended).
     

You must record the following for your odometer records for 2010 - 2011:

  • Your car’s odometer reading at the beginning and end of the recording period.
  • The make, model, engine capacity and registration number of your car/s.
     

Each subsequent year, if you are not required to keep a new log book you will need to keep the following:

  • Your car’s odometer reading at the beginning and end of the financial year.
  • The make, model, engine capacity and registration number of your car/s.

Please note: All these details can be kept in your logbook


Author: McKern & Associates