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Depreciation on Vehicle?

Posted 23 June 2015 under Tax Questions



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Rooster says:
15 June 2015 at 10:29

I am using my private vehicle for company business. The company is paying me a travel allowance and the fuel for the business part. About 55% of travel is business related. Can I claim depreciation of my vehicle from SARS? What is claimable from SARS for the use of my private vehicle?

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TaxTimTaxTim says:
15 June 2015 at 10:53

Do you keep a logbook?


Rooster says:
15 June 2015 at 11:17

Yes I do keep a logbook.


TaxTimTaxTim says:
15 June 2015 at 11:37

Then when you complete your return you would include the car details and would be able to depreciate your car over 7 years. Make use of our Travel Allowance calculator to determine which method is better for you to claim.


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