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INCOME TAX ASSESSMENT ACT 1997 - SECT 28.120 Choosing the 12 week period for a log book

INCOME TAX ASSESSMENT ACT 1997 - SECT 28.120

Choosing the 12 week period for a log book

  (1)   The log book must cover a continuous period of at least 12 weeks throughout which you * held the * car. If you hold the car for less than 12 weeks, the period must be the entire period for which you held the car.

  (2)   The period may overlap the start or end of the income year, so long as it includes part of the year.

  (3)   If you want to use the "log book" method for 2 or more * cars for the same income year, the log books for those cars must cover periods that are concurrent.

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