Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

When receiving a travel allowance, can I claim depreciation the vehicle?

Posted 29 October 2012 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I use my own car (which is financed) to do my work (labour law consultant) for a company. Can I claim depreciation against my car for this?

This entry was posted in Tax Questions and tagged , , , , , . Bookmark the permalink.

TaxTimTaxTim says:
12 October 2012 at 1:06

The depreciation element is built into the deduction calculation that SARS allows when claiming all your expenditure against a travel allowance. When receiving a travel allowance you would need to keep a logbook of all business travel combined with any expenditure on the car which would then be allowed as a deduction against the travel allowance. You cannot claim a depreciation/wear and tear allowance on your motor vehicle.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →