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Car allowance 100% taxed as other allowance

Posted 20 July 2015 under Tax Questions



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DTN108 says:
20 July 2015 at 20:15

Towards the end of the year I received a car allowance. However at this stage I was not sure of how many kilometers would be done for business. Therefore the allowance is now reflected as other allowance and is taxed 100%. How do I now file my tax returns against travel as it is not reflected under 3701 or 3702 on the IRP5?

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TaxTimTaxTim says:
20 July 2015 at 20:21

Did you keep a logbook?


DTN108 says:
20 July 2015 at 20:30

Yes a logbook, fuel and insurance fees have been recorded. No maintenance fees other than maintenance plan.


TaxTimTaxTim says:
20 July 2015 at 20:31

The company needs to reissue the IRP5 with the correct travel allowance else SARS will cause difficulty when you try and claim against this.


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