Depreciation on Vehicle?
By Marc Sevitz · Updated
I am using my private vehicle for company business. The company is paying me a travel allowance and the fuel for the business part. About 55% of travel is business related. Can I claim depreciation of my vehicle from SARS? What is claimable from SARS for the use of my private vehicle?
Do you keep a logbook?
Yes I do keep a logbook.
Then when you complete your return you would include the car details and would be able to depreciate your car over 7 years. Make use of our Travel Allowance calculator to determine which method is better for you to claim.