I just started a new position as a sales representative, and the car I am currently using is quiet old. As I will be travelling a lot to see clients I would like to buy a new reliable car. Would I be able to make a claim on the monthly installments for this new car, as it will be used mainly for work? If so, what percentage can I claim?
It would be best to negotiate a travel allowance or reimbursive allowance with your employer otherwise you can claim petrol and depreciation on the vehicle, but you must keep a full logbook and receive a letter from your employer stating that you are required to use your car for work purposes.
Donsays: 25 September 2015 at 11:05
Thanks Tim. I appreciate the assistance!
TaxTimsays: 28 September 2015 at 12:25
Only a pleasure!
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