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Car Deductions

Posted 23 October 2015 under Tax Questions


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Izhaar says:
22 October 2015 at 21:37

As a SARS commission earner, I keep a detailed logbook. Do I need my petrol slips for anything?

also where does deemed vs actual cost come in?

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TaxTimTaxTim says:
23 October 2015 at 6:58

Do you receive a travel allowance at all or is it just the commission you earn?


Izhaar says:
23 October 2015 at 7:35

Commission


TaxTimTaxTim says:
23 October 2015 at 7:49

You would then need to keep all the records of you motor expenses. Add them up and use the apportionment ratio of the business to total travel based on your logbook. You would also be able to deduct the actual depreciation on the vehicle which you would take the cost and divide by 5 and then use the same apportionment.

You can use our Travel Allowance calculator to see which method may be better for you to deduct the motor expenses.


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