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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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235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

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!

Get started