Section DE 10 — Income Tax Act 2007: Variance during logbook term

DE 10 Variance during logbook term If, in any month during a logbook term, the proportion of business use in that month is less by at least 20 percentage points than the proportion established by the logbook, and the proportion of business use recorded in the logbook no longer represents the average use of the motor vehicle for business purposes, the logbook term must end on the last day of that month. Defined in this Act: business use , logbook term , motor vehicle , Compare: 2004 No 35 s DE 10 Section DE 10: amended (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008-09 and later income years), by section 41(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130).