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Car allowance for not owned vehicle



Elmien says:
27 July 2015 at 12:23

I am receiving a car allowance as I am using my own car and am a sales rep. The car is not in my name, it's in my brothers name, but I am paying him an amount of R3200.00 per month. SARS requested me to send them the lease agreement or similar in order to complete my audit, what can I sent to them?
I also entered the cost price on my SARS eFiling as R150000 instead of R105000, how do I get that corrected?

TaxTim TaxTim says:
28 July 2015 at 4:11

You can try click "request correction" on the Income Tax Working Page and see if you are able to make the change there, else when you send them the documents send a letter explaining your mistake. You would also need an affidavit from your brother explaining why the car is in his name and then proof of you paying him the installments each month.

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