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Do I enter the whole wear and tear value in my tax return or only the "official" part?

Posted 10 July 2015 under Tax Q&A


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Hanri says:
10 July 2015 at 19:49

When calculating the wear and tear on my car I take the original cash purchase price and divide that by 5. Do I then enter that value in my tax return (same as all other deductions) and SARS then automatically calculate the "official" part thereof from the kilometers I entered, or do I do the calculation myself and then enter the "official" part in the tax return?

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TaxTim TaxTim says:
10 July 2015 at 20:24

If you are entering the travel allowance section then you would take the total and divide by 5 and they will apportion automatically based on the kilometres you declare.


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