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When claiming depreciation on a vehicle can you also claim the repayments?

Posted 23 January 2013 under Tax Q&A


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I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?

Thanks

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TaxTim TaxTim says:
24 January 2013 at 20:03

You would only be able to claim one of the allowances otherwise you would be double deducting which is not allowed.


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Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started