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And the book is required to keep record of the vehicle provided by their employer for fringe benefit tax purposes. 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. The car log book is important document that gives a proof that you use your vehicle in the course of performing your duties.
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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. 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. In case the owner does not pay the loan it will be a troublesome situation for you.
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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. 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. 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.