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Can I deduct car finance payments for tax purposes against a travel allowance?

Posted 5 July 2013

I do not lease a car, but I receive a car allowance. Can I deduct my car finance payments or the interest?

TaxTim Marc TaxTim Marc said:
8 July 2013 at 13:24

Yes you can, on the ITR12 tax return there will be place to do this. You must keep a logbook however in order to enter this section.

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