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Can I claim on diesel?

Posted 27 November 2014 under Tax Questions



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what can I claim back from the tax as a cc example: diesel and how does it work we have got 2 vehicles that does all the work for the call outs and work to be done

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TaxTimTaxTim says:
27 November 2014 at 9:12

If the two vehicles are owned by the CC and all they are not used by anyone other than for business purposes then you are able to depreciate the vehicles over a 5 year period. The cost of the diesel will also be allowed as an expense if it is for business purposes.


Piet says:
27 November 2014 at 9:36

Thank u how does it work do I need to keep a log book on the vehicles to keep track of the km and diesel spend or how do I do it?


Piet says:
27 November 2014 at 9:43

What about maintenance on the vehicles is that claimable from tax and diesel will it be a tax expense or can we claim on it


TaxTimTaxTim says:
27 November 2014 at 19:21

All costs related to business expenses will allowed to be claimed. So yes diesel etc Will anyone be using the vehicles other than for business purposes and where will they be stored?


Piet says:
28 November 2014 at 7:40

No one is using the vehicles except the employees and the vehicles are parked at the work shop if not in use.


TaxTimTaxTim says:
28 November 2014 at 8:16

Then you can write off all the expenses as a business expense in their entirety.


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