21.5 Information to be recorded in odometer
This section is relevant only to the first method described in
End of attention
Odometer records are a record of the total kilometres travelled
by the car during the FBT year or, if the car was not used to
provide fringe benefits for the whole year, for that part of the
year when it was used for this purpose.
Odometer records should also be kept for the same period for
which a logbook is kept.
We don't produce an official odometer record. You are entitled
to keep records of your own design, or to purchase one of the many
commercial products available. However, the following details must
be entered in the odometer records for the beginning of each period
(that is, year, part-year or logbook period) and also for the end
of each period:
- the date the period began, or ended, as the case may be
- the odometer reading at the start of the period, or at the end
of the period, as the case may be.
The odometer records must be in English, and the entries should
be made at the times the readings relate to, or as soon as
reasonably practicable afterwards.
If you replace a car during the year and transfer the business
percentage to the new car, the odometer records must also include
an entry showing odometer readings for the replaced car and the new
car on the replacement date.