INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 28 - Car expenses  

Subdivision 28-I - Retaining the log book and odometer records  

SECTION 28-155   Retaining odometer records  

28-155(1)  
You must retain your odometer records relating to the period when you * held the * car in the income year.

28-155(2)  
If you keep a log book for the income year, you must retain the odometer records for the same period as the log book, and section 28-150 applies to them in the same way as it applies to the log book.

28-155(3)  
If you don't keep a log book for the income year, you must retain the odometer records for the same period as written evidence of a * car expense for the * car for the income year, and section 900-75 applies to them in the same way as it applies to written evidence of an expense.

Note:

Section 900-75 is about retaining written evidence of a car expense.


 

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