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Vehicle Purchased For Business and Personal

Posted 16 October 2015 under Tax Q&A


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Nick says:
14 October 2015 at 11:18

I recently purchased a car cash for business and personal use. The amount paid was R103,000. How can I go about claiming a portion thereof as a tax deductible expense if I also use it for my business?

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

TaxTim TaxTim says:
14 October 2015 at 11:39

Do you own the business or are you a salaried employee receiving a travel allowance?

Nick says:
14 October 2015 at 12:08

I own the business

TaxTim TaxTim says:
15 October 2015 at 18:36

How do you pay yourself?

Nick says:
16 October 2015 at 10:35

I am a sole proprietor and pay myself from my business account. Generally, what the business makes, that is what I pay myself.

TaxTim TaxTim says:
16 October 2015 at 18:58

As a sole proprietor you would be able to deduct the use of the car for business purposes in the ratio of business to total use. Did you keep a logbook? If so you would use that ratio to determine the deduction of the vehicle related expenses and the same for the car which you would divide the value by 5 and then use the apportionment as per the logbook.


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