I own 18 rental apartments which I am renting out. I will be retiring next year from my employment and concentrating on managing these properties and also doing related maintenance myself. I currently own a SUV vehicle which I intend keeping and using it for both property maintenance and also private purposes. Will the tax authorities allow a portion of the vehicle expenses as tax deductible against the rental income to the extent they relate to property maintenance, or do I necessarily need to buy a bakkie solely for property maintenance and related activities?
SARS will allow you to apportion your total travel costs between business and personal and then you can claim the business portion as a deduction. You will need to keep a logbook though to justify your business mileage versus your overall mileage and therefore claim accordingly.