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Can I claim depreciation on my vehicle

Posted 20 November 2014 under Tax Q&A


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Depriciation on my vehicle

This entry was posted in Tax Q&A and tagged , , , , , . Bookmark the permalink.

TaxTim TaxTim says:
20 November 2014 at 16:31

Do you earn commission or use your car for work purposes?

Barry says:
20 November 2014 at 16:33

Yes I do. I receive a car allowance and am a sales Manager. So I use my car to go to customers.

TaxTim TaxTim says:
20 November 2014 at 16:34

You would then, provided you keep a logbook, complete the Travel Allowance section and you can show depreciation of your car over 7 years.






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Barry says:
20 November 2014 at 16:35

Great Thanks! I have kept a logbook

TaxTim TaxTim says:
20 November 2014 at 16:38

Excellent, glad we could assist.


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