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?
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.
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.