Section DE 11 — Income Tax Act 2007: Replacement vehicles

DE 11 Replacement vehicles For the purpose of establishing the proportion of business use of a motor vehicle, a replacement vehicle is treated in the same way as the vehicle it replaces if— (a) the logbook is likely to be representative of the average travel for business purposes for the remainder of the logbook term; and (b) from the date of replacement, a person keeps a record of the total distance travelled by the replacement vehicle for each income year, or part of an income year, of the remaining logbook term. Defined in this Act: business use , income year , logbook term , motor vehicle , Compare: 2004 No 35 s DE 11