Company car, claim back business kms at end of month where do I put it in on my tax return?
By Marc Sevitz · Updated
You need to say yes to the company car question within the wizard. Else make use of TaxTim to ensure you are answering the questions correctly.
I did do it on the wizard but still unsure because I have the codes 3701 and 3802 on my irp5. Does that mean I have to do travel allowance and company car sections..?
Thank you SO much really appreciate it.
Regards
Chanel
Thank you SO much really appreciate it.
Regards
Chanel
Not sure if I can claim in travel allowance section with a company car..
Regards
Chanel
Regards
Chanel
You need to use the company car section, not the travel allowance. It will be right under the travel allowance. Have you always received a company car, you should not be receiving both?
Thank you for reply, yes I have both codes on my irp5. So it is really confusing me as to which section I should fill out.
Regards
Chanel
Regards
Chanel
Do you receive an extra amount in your account each month for travel allowance on top of your company car?
Yes I do receive an extra amount for fuel per km and toll .
On my irp5 it says 29830 code 3701
And 10072 code 3802.
Regards
On my irp5 it says 29830 code 3701
And 10072 code 3802.
Regards
Enter for both the travel allowance and the company car - use the same details of the car as it was the same used.
Really can you claim under travel allowance even if it is a company car? Don't I need 2 different logbooks then..?
Thanx a lot for your help:-)
Regards
Chanel
Thanx a lot for your help:-)
Regards
Chanel
You can use the same information and let SARS to the aggregate, either way you need to be able to claim against the actual income/fringe benefit which you have been taxed on. Otherwise your employer will need to correct this on the IRP5.