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Does receiving a car allowance when l have a car bought cash have impacts on my tax?

Posted 2 February 2016 under Tax Q&A


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Moses says:
2 February 2016 at 10:21

I bought a car cash before getting my current job. I receive a car allowance at my current job and am not willing to change my car anytime soon. Is that an issue with SARS? Is that going to affect my tax, if so how?

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

TaxTim TaxTim says:
2 February 2016 at 15:39

No it wont affect your tax if you bought the car before you got your job, you would use the same details to complete the claim against the travel allowance.


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