The depreciation element is built into the deduction calculation that SARS allows when claiming all your expenditure against a travel allowance. When receiving a travel allowance you would need to keep a logbook of all business travel combined with any expenditure on the car which would then be allowed as a deduction against the travel allowance. You cannot claim a depreciation/wear and tear allowance on your motor vehicle.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.