Can I claim for my financing costs (interest on my car finance) and depreciation on my vehicle?

Posted 23 June 2015 under Tax Q&A
Hanri says:
27 May 2015 at 9:46

I receive a car allowance and can claim for official kilometers traveled with my private car. Can I claim for my financing costs (interest on my car finance) and depreciation on my vehicle?

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TaxTim TaxTim says:
27 May 2015 at 22:53

Yes you can, have a look at our Travel Allowance calculator to see what your best options are and when you Register for TaxTim to begin the process of completing your return we will assist you in filling the information in the correct spot.





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