The car log book template is a document that acts as proof that the vehicle is registered and the person in the name of which the vehicle is registered is responsible for the taxing the vehicle. The document is of great importance for so many reasons one of them is, this id required at time you are selling your car or if you are buying a car the document is mandatory. You will never buy a car without a logbook as this will show that the owner of the car have taken some sort of loan on behalf of the log book as well as borrowing money against the value of the car. In case the owner does not pay the loan it will be a troublesome situation for you.
Importance of Car Log Book
The car log book is important document that gives a proof that you use your vehicle in the course of performing your duties. The document is required for proving two situations for example in case you want deduction in the personal tax the log book provides evidence that the car is used for work related events. And the book is required to keep record of the vehicle provided by their employer for fringe benefit tax purposes. The log book for vehicle is prepared to keep record of the total distance the car has traveled during the log book period.
Benefits of Car Log Book format
While preparing a car log book template, here are few things which one should keep in mind. First thing is, the beginning and ending period of the log book. Second thing is; the odometer reading of the car at the beginning of the log book as well as at the end of it. Most odometer records are consider to be the most important part of the log book, showing the starting and closing odometer records for the relevant period. There is a proper way of noting down such as if you traveled more than twice a day you can record this as a single journey while using the log book. But the things you need to mention includes the starting and ending time of the journey, odometer readings at the start and end of the journey, total distance traveled as well as the reason for travel could be mentioned.
Details of Car Log Book Sample
While mentioning the reason for journey you are following this step for Tax Office’s view and the method of just mentioning the reason for journey as “business” or “miscellaneous business” will not be enough. You need to mention the reason in detail, but there is no need to mention the private travel but you can mention it as it will help to include in the records and can help in calculations. Here you are provided with some ready to use car log book template that will assist you in providing quality template in no time the template provided here are equipped with quality content. All you need to do is to download the template and customize it according to your requirement this will assist you by saving your time and effort.
Download Car Log Book Template