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Company car, claim back business kms at end of month where do I put it in on my tax return?

Posted 6 July 2014 under Tax Questions


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If I drive a company car and claim my kms travelled for business back at end of the month where do I put that in on my tax return?

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TaxTimTaxTim says:
6 July 2014 at 18:03

You need to say yes to the company car question within the wizard. Else make use of TaxTim to ensure you are answering the questions correctly.


Chanel says:
6 July 2014 at 18:07

I did do it on the wizard but still unsure because I have the codes 3701 and 3802 on my irp5. Does that mean I have to do travel allowance and company car sections..?

Thank you SO much really appreciate it.

Regards
Chanel


Chanel says:
6 July 2014 at 18:08

Not sure if I can claim in travel allowance section with a company car..

Regards
Chanel


TaxTimTaxTim says:
7 July 2014 at 9:57

You need to use the company car section, not the travel allowance. It will be right under the travel allowance. Have you always received a company car, you should not be receiving both?


Chanel says:
7 July 2014 at 10:04

Thank you for reply, yes I have both codes on my irp5. So it is really confusing me as to which section I should fill out.

Regards
Chanel


TaxTimTaxTim says:
7 July 2014 at 10:13

Do you receive an extra amount in your account each month for travel allowance on top of your company car?


Chanel says:
7 July 2014 at 10:20

Yes I do receive an extra amount for fuel per km and toll .
On my irp5 it says 29830 code 3701
And 10072 code 3802.

Regards


TaxTimTaxTim says:
7 July 2014 at 10:23

Enter for both the travel allowance and the company car - use the same details of the car as it was the same used.


Chanel says:
7 July 2014 at 11:11

Really can you claim under travel allowance even if it is a company car? Don't I need 2 different logbooks then..?

Thanx a lot for your help:-)

Regards
Chanel


TaxTimTaxTim says:
7 July 2014 at 11:14

You can use the same information and let SARS to the aggregate, either way you need to be able to claim against the actual income/fringe benefit which you have been taxed on. Otherwise your employer will need to correct this on the IRP5.


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