What Tax Deductions Can You Claim With A Logbook? This is why a logbook is important, because it will usually give you a bigger tax deduction so you pay less tax. Instead you can only claim a cents per kilometre deduction, which is usually a smaller tax deduction. If you don’t have a valid logbook then you cannot claim tax deductions for your actual car expenses. This is because the ATO still need evidence that your car is actually 100%, they cannot just take your word for it.

These rules apply even if you use your car 100% for business. You can then claim that percentage of your Uber car expenses. If you want to claim a tax deduction for your car expenses, the ATO’s rules state that you MUST have a logbook as evidence of the percentage that you use your car for business vs private use. Keeping A Logbook For Uber What Is A Logbook?Ī logbook is a record of your car’s odometer readings kept over a continuous 12-week period. > Get The FREE DriveTax Logbook & Expense Spreadsheet > How To Calculate Your Logbook Percentage We’ll look at why you need an Uber logbook and what happens if you don’t have one, how to keep a logbook for Uber, which trips you can and can’t include, and some quick tips to maximise your logbook percentage to get the highest tax deduction possible. So in this article, I’ll explain everything you need to know about keeping a logbook for Uber to get the maximum possible tax deduction for your car expenses. Instead you’ll be stuck with the ‘cents per kilometre’ method, which for most drivers will mean much lower tax deduction and therefore a higher tax bill.

You also won’t be able to claim the Instant Asset Write Off or Full Expensing unless you have a logbook. If you don’t have a valid Uber logbook the ATO will not allow you to claim car deductions for your fuel, insurance, registration or any of your other car expenses. If you want to claim a tax deduction for your car expenses, you MUST keep a 12-week logbook of your Uber, rideshare or food delivery driving.

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