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Newbie said: 20 October 2015 at 11:53 With respect to self-employed individuals for the 2015 tax year... What is the write off period for a vehicle used for business travel? Is the cost of the vehicle divided by 4 or 7 years? I'm trying to calculate the wear and tear amount which I can include for the calculation of actual costs. Thanks! |
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TaxTim Marc said: 20 October 2015 at 16:14 Please make use of our Wear and Tear Calculator to work out the wear and tear. The write-off is 5 years for passenger vehicles. Remember to pro-rata your calculation between business and personal use. |
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Newbie said: 22 October 2015 at 9:22 Many thanks!! |
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TaxTim Marc said: 22 October 2015 at 15:41 Only a pleasure! |
