Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Company car, claim back business kms at end of month where do I put it in on my tax return?



If I drive a company car and claim my kms travelled for business back at end of the month where do I put that in on my tax return?

TaxTim TaxTim says:
6 July 2014 at 18:03

You need to say yes to the company car question within the wizard. Else make use of TaxTim to ensure you are answering the questions correctly.

Chanel says:
6 July 2014 at 18:07

I did do it on the wizard but still unsure because I have the codes 3701 and 3802 on my irp5. Does that mean I have to do travel allowance and company car sections..?

Thank you SO much really appreciate it.

Regards
Chanel

Chanel says:
6 July 2014 at 18:08

Not sure if I can claim in travel allowance section with a company car..

Regards
Chanel

TaxTim TaxTim says:
7 July 2014 at 9:57

You need to use the company car section, not the travel allowance. It will be right under the travel allowance. Have you always received a company car, you should not be receiving both?

Chanel says:
7 July 2014 at 10:04

Thank you for reply, yes I have both codes on my irp5. So it is really confusing me as to which section I should fill out.

Regards
Chanel

TaxTim TaxTim says:
7 July 2014 at 10:13

Do you receive an extra amount in your account each month for travel allowance on top of your company car?

Chanel says:
7 July 2014 at 10:20

Yes I do receive an extra amount for fuel per km and toll .
On my irp5 it says 29830 code 3701
And 10072 code 3802.

Regards

TaxTim TaxTim says:
7 July 2014 at 10:23

Enter for both the travel allowance and the company car - use the same details of the car as it was the same used.

Chanel says:
7 July 2014 at 11:11

Really can you claim under travel allowance even if it is a company car? Don't I need 2 different logbooks then..?

Thanx a lot for your help:-)

Regards
Chanel

TaxTim TaxTim says:
7 July 2014 at 11:14

You can use the same information and let SARS to the aggregate, either way you need to be able to claim against the actual income/fringe benefit which you have been taxed on. Otherwise your employer will need to correct this on the IRP5.

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




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.