Using a motor vehicle for business – a quick refresher

To help us apply the correct claim and IRD rates to your motor vehicle, we’ll want to know:

Your odometer reading on 31 March
The total kilometres travelled for the year
Your business kilometres travelled during the year
Whether you’ve exceeded 14,000 business kilometres (this affects whether Tier 2 IRD rates apply)
Whether any vehicles were purchased or sold during the year.

Tracking kilometres:

A 90-day logbook can also be used to work out your business vehicle use percentage. That percentage can generally be used for up to three years, unless your business use changes by more than 20%. If it’s been three years, it’s time for a new logbook.