Can I depreciate a second hand vehicle?By Marc Sevitz · Updated 9 February 2015Vehicle depreciation and year model clarity. Can I buy a second hand vehicle that is three years old and still depreciate the vehicle over five years? TaxTim Marc said:10 February 2015 at 20:16Yes, but the value used will be the one you paid, not the cost of the vehicle new.Salary / IRP5Depreciation / Wear and TearTravel Allowance
Vehicle depreciation and year model clarity. Can I buy a second hand vehicle that is three years old and still depreciate the vehicle over five years? TaxTim Marc said:10 February 2015 at 20:16Yes, but the value used will be the one you paid, not the cost of the vehicle new.
