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What is the logbook method?

logbook method
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What is the logbook method?

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Using the ‘logbook’ method, you work out the business use percentage of your car. You can then claim this percentage of each car expense. Car expenses do not include capital costs such as the purchase price of your car or improvements to it. You must keep: • a logbook • odometer records, and • written evidence for all your car expenses except fuel and oil costs.

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