Section DE 7 — Income Tax Act 2007: Logbook requirements

DE 7 Logbook requirements Test period (1) When a logbook is used to establish the proportion of business use of a motor vehicle, a person must select a start date, and keep the logbook for at least 90 consecutive days at a time that represents, or is likely to represent, the average proportion of travel by the vehicle for business purposes during the logbook term. Record of reasons for, and distance of, journeys (2) The logbook must record— (a) the start and end of the 90 day test period; and (b) the vehicle’s odometer readings at the start and end of the test period; and (c) the distance of each business journey; and (d) the date of each business journey; and (e) the reason for each business journey; and (f) any other detail that the Commissioner may require. Defined in this Act: business , business use , Commissioner , logbook term , motor vehicle , Compare: 2004 No 35 s DE 7