25 June 2020
Motor Vehicle Odometer Readings
To enable a claim for motor vehicle expenses by the "log book" method, odometer readings need to be recorded as at 30 June 2020.
This only applies to vehicles which are less than 1 tonne carrying capacity and owned by self-employed persons or by employees in their own right. This does not apply to motor vehicles supplied by an employer (i.e. a company, trust, etc).
Can we suggest that you check out our online odometer reading form where you can send us the information via our website or download a PDF pro forma to be returned to us together with your 2020 income tax information.
Please note that an odometer reading is also required by all clients on the acquisition and disposal of any motor vehicles.
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