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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  

 ITAA 36

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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