Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 29/37)
Character Range: 464317–466841

to you, for use in the course of producing your assessable income, even if it is also used for some other purpose.
Note 1: In certain circumstances the lessee of a luxury car is taken to be its owner (see subsection 242‑15(2)).
Note 2: In certain circumstances the notional buyer of property is taken to be its owner (see subsection 240‑20(2)).

28‑95  Eligibility
  You can use this method only if you *held the *car for some or all of the income year.

28‑100  Substantiation
 (1) To use this method, you must substantiate the *car expenses under Subdivision 900‑C.
 (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.
 (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.
 (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.
 (5) You must retain the log book and the odometer records. Subdivision 28‑I has the rules about this.

Subdivision 28‑G—Keeping a log book

Guide to Subdivision 28‑G

28‑105  What this Subdivision is about

      This Subdivision tells you how to keep a log book. 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.

Table of sections
28‑110 Steps for keeping a log book

Operative provisions
28‑115 Income years for which you need to keep a log book
28‑120 Choosing the 12 week period for a log book
28‑125 How to keep a log book
28‑130 Replacing one car with another

28‑110  Steps for keeping a log book
  There are 3 steps you need to follow in keeping a log book:
 identify an income year for which to keep a log book;
 choose a period of at least 12 weeks for the log book to cover;
 record journeys made in the car during the log book period in the course of producing your assessable income.

Operative provisions

28‑115  Income years for which you need to keep a log book
 (1) You need to keep a log book for the first income year for which you use this method for the