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Can I claim for the depreciation of my vehicle for which I get an allowance or is that included?

Posted 10 July 2013

I get an allowance of R48 000 p.a and I incured costs of R75 000 inlcusive of the lease payment for the vehicle in my name. I also incured personal expenses of R765 not recovered from the medical aid. The SARS calculator retuned R9885. I dont think thats right.

TaxTim TaxTim says:
11 July 2013 at 19:17

It would depend on the mileage that you do which is the ultimate factor in determining the refund from a travel allowance claim. There is a formula which then gives a rand value and is multiplied by the number of km's used for business as a percentage of the total of mileage.

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