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Car Allowance Cap Limit

Posted 6 October 2015 under Tax Questions



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Leon says:
5 October 2015 at 13:26

To whom this may concern. I have a question regarding car allowance. If the allowed car allowance based on value of the car, total mileage and business mileage comes to R100,000 but the car allowance claimed for the entire year is only R66,000, does that mean SARS will only authorise (CAP) car allowance of R66,000 or R100,000

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TaxTimTaxTim says:
6 October 2015 at 7:27

The deduction is limited to the amount of the car allowance even if the calculation exceeds it.


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