Practice Update April 2026 – Camberwell Accountants

Know when a new logbook is required

• Keeping a car logbook may be required to accurately calculate the business-use percentage of vehicle expenses (e.g., fuel, registration, insurance and depreciation) for tax deductions.
• Taxpayers can keep the same logbook for their car for five years, but there are circumstances where they may need a new one during that period.
• Relying on a logbook that no longer represents a client’s work-related travel may result in them claiming more, or less, than they are entitled to.
• A new logbook may be required when a taxpayer:
• Moves to a new house or workplace — updating their residential or work address may then be necessary.
• Has changes to their pattern of use of the car for work purposes — checking that they are still doing the same role and routine may then be necessary.

Click here for Practice Update April 2026