Income Tax Act 2007

Deductions - Motor vehicle expenditure

DE 8: Logbook term

You could also call this:

“Time period for measuring business use of a vehicle, lasting up to 3 years”

A logbook term is a time period that shows how much you use your car for business. This term can last up to 3 years.

The logbook term starts on the latest of these days:

  • The first day of the tax year when you begin keeping a logbook
  • The day you get the car (unless it’s a replacement car, which is covered in section DE 11)
  • The day after your last logbook term ended
  • A day you choose

The logbook term ends on the earliest of these days:

  • The day you sell the car without getting a new one
  • 3 years after the first day of the tax year when the logbook term started
  • A day the Commissioner chooses under section DE 9
  • A day you choose

This helps you figure out how much of your car use is for business over a set period of time.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513871.

Topics:
Money and consumer rights > Taxes

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DE 7: Logbook requirements, or

“Rules for keeping a vehicle logbook for business use”


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DE 9: Inadequate logbook, or

“When your vehicle logbook is considered inaccurate by the Commissioner”

Part D Deductions
Motor vehicle expenditure

DE 8Logbook term

  1. A logbook term is a period to which the proportion of business use of a motor vehicle established by the logbook applies. The term lasts up to 3 years and starts and ends as described in subsections (2) and (3).

  2. A logbook term starts on the date that is the latest of the following days:

  3. the first day of the income year in which a person starts to keep a logbook:
    1. the day that a person acquires the motor vehicle, unless the vehicle is a replacement vehicle, which is dealt with in section DE 11:
      1. the day immediately after the last day of the previous logbook term:
        1. a day that a person specifies.
          1. The logbook term ends on the date that is the earliest of the following days:

          2. the day that a person disposes of the motor vehicle without replacing it:
            1. the day that is 3 years after the first day of the income year in which the logbook term started:
              1. a day that the Commissioner specifies under section DE 9:
                1. a day that a person specifies.
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