Can I claim depreciation on my vehicle

By Marc Sevitz · Updated

Depriciation on my vehicle
TaxTim Marc

TaxTim Marc said:
20 November 2014 at 16:31

Do you earn commission or use your car for work purposes?
Barry

Barry said:
20 November 2014 at 16:33

Yes I do. I receive a car allowance and am a sales Manager. So I use my car to go to customers.
TaxTim Marc

TaxTim Marc said:
20 November 2014 at 16:34

You would then, provided you keep a logbook, complete the Travel Allowance section and you can show depreciation of your car over 7 years.






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Barry

Barry said:
20 November 2014 at 16:35

Great Thanks! I have kept a logbook
TaxTim Marc

TaxTim Marc said:
20 November 2014 at 16:38

Excellent, glad we could assist.