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Sharon198021(Enthusiast)Enthusiast
3 Feb 2021

We just purchased new car for our employee to replace the old one.

The logbook we have for the old car is still valid (which is within 5 years), and the employee who drive the new car keeps at the same position in the company which means the usage pattern keeps unchanged. Furthermore, the size of the car is quite similar.

My quesitons is: do we need to start a new logbook for the new vechile? Or we can still use the logbook for old vehicle when calculating business usage % to lodge FBT?

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2,176 views
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_LouiseG(Enthusiast)Registered Tax Professional
4 Feb 2021

You can use the old one if it is still valid

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Logbook for a new car | ATO Community