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What are the requirements to claim vehicle depreciation?

Posted 6 October 2015 under Tax Questions



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Messenger says:
6 October 2015 at 13:51

What are the income requirements to claim vehicle depreciation?

If commission forms about 25% of my yearly income, and my vehicle is used extensively to travel between clients (core part of the job), can I claim depreciation of my vehicle against my income?

I don't receive any travel allowance or fuel etc. I keep a logbook and can prove travel % to work/personal. Thanks.

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TaxTimTaxTim says:
6 October 2015 at 15:32

If you can show in your contract of employment that you are expected to use your own car for business purposes or have a letter from your employer stating this, then you can depreciate the car over 5 years and apportion for the business use and claim that as a deduction.

Please also make use of our Wear and Tear Calculator

Please register for TaxTim and let us assist you to complete and submit your Tax Return to SARS.


Messenger says:
6 October 2015 at 15:53

Thank you!

Can you also claim for travel expenses and vehicle maintenance in this case?


TaxTimTaxTim says:
6 October 2015 at 22:48

You can claim the travel expenses and maintenance costs against the commission, provided you apportion the expenses based on business usage only.


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