When claiming depreciation on a vehicle can you also claim the repayments?

By Marc Sevitz · Updated 23 January 2013

I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?

Thanks

TaxTim Marc said:
24 January 2013 at 20:03

You would only be able to claim one of the allowances otherwise you would be double deducting which is not allowed.

Salary / IRP5

Deductions

Commission

Depreciation / Wear and Tear

Travel Allowance

Audit / Verification