Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.
CLOSE
Maximum Tax Refund 2017

  Make Tax Returns Quick & Easy.
  First time users SAVE 15%!

Click here

Which motor vehicle expenses to claim through company versus personally?

Posted 25 August 2014 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


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

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I am the sole director of a company. I travel extensively for business using my personal vehicle. My question is do I deduct vehicle expenses such as petrol, insurance, services etc.. through the company, or do I rather take these deductions into account in submitting my personal tax return?

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

TaxTim TaxTim says:
25 August 2014 at 14:11

Do you receive a travel allowance or any reimbursement from the company? How are you paid, a salary?

Nicki says:
25 August 2014 at 14:35

Yes, I am paying myself a small salary out of the company, which includes a travel allowance. I keep a logbook of all my business travel. I know there is the fixed method of determining a travel deduction, which includes the petrol portion. If I make the company pay for my petrol, would I just not include this part of the deduction in my calculation? If that is allowed?

TaxTim TaxTim says:
25 August 2014 at 14:50

If you receive a travel allowance then you will be able to claim all your costs including wear and tear when you file your return which will reduce your taxes payable. You would include these in the travel allowance section of the tax return.

Nicki says:
25 August 2014 at 14:56

Thank you very much for your help. Just to clarify, do I not put any actual petrol expenses etc.. through the company? All goes through on my personal tax return only?

TaxTim TaxTim says:
25 August 2014 at 15:06

Yes, if you receive a travel allowance and the expenses all go through your account then you are able to claim these expenses when you claim against the travel allowance.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


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