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Will SARS allow personal vehicle expenses as deductible if the vehicle is partly used for business?

Posted 2 November 2015 under Tax Questions



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Basil says:
2 November 2015 at 14:30

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?

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TaxTimTaxTim says:
2 November 2015 at 15:43

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.

Please see also our Wear and Tear calculator to assist you with your car depreciation claim for business purposes.


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