Car expense claims as a full commission earner
By Marc Sevitz · Updated
I started as an estate agent and I have not kept records of my mileage and the car is paid up, what can I claim as a vehicle expense and depreciation
Do you use the car for personal use as well?
Yes I do
You can claim the car value over 5 years, but you would need to be able to prove to SARS the apportionment of personal vs business mileage.
can I claim the petrol, car insurance and car licence.
Yes you can, that would also need to be apportioned on the basis of business vs total mileage.
Should I show the right off under depreciation source code 4027 or under travel expenses source code 4015?
The car would be under the depreciation and the other travel expenses under the travel code.