Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.
CLOSE
Max Tax Refund 2017

Get your tax return DONE in 10 minutes or less with TaxTim!

Try TaxTim Now

How to claim for Vehicle Expenses as an Estate Agent

Posted 4 July 2015 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Mojo says:
4 July 2015 at 0:52

I am an estate agent where I sell property and I am purely on commission only. No basic salary. I do know that I can claim for my petrol for business purposes. And I am also aware that I need to have a logbook for proof of mileage. However, on my IRP5 I cannot seem to enter the Petrol, Wear and Tear, Oil, Maintanance and Repairs, Insurance etc etc. Please help me as to how I can include that in my ITR12 form.

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

TaxTim TaxTim says:
4 July 2015 at 12:38

Your IRP5 will just show the commission earned and not the actual expenses so that must not be altered. You would need to include your actual expenses in the Tax Deductions section on TaxTim (Other Deductions section on SARS eFiling) and show exactly what the expenditure was. There is another section where you can include Repairs and Insurance costs too, a question for Travel which would be the cost of petrol, and then Depreciation which is where you would take the value of your vehicle and divide it by 5 for depreciation (see this link). Remember though that all these costs would need to be apportioned by the percentage of business vs personal travel you do.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!