I am a vehicle salesman with my own car, can I claim a years depreciation
By Marc Sevitz · Updated
Can I claim depreciation
Do you use your own car for work purposes?
I used my vehicle to attend training courses, collecting customers from Gautrain stations,and taking docs to customers for signature etc in the tax year. This was not an everyday event and don't have dates and mileage logged.
You would need to keep a logbook or the petrol slips or some proof from these travel events in order to claim against it. Otherwise SARS has no proof that you drove these trips for work purposes.
I have numerous petrol slips with date, amount, reg no, the employers name and my name in print
for the various months, probably amounting to + - R2000.00 However no log book or millage records.
for the various months, probably amounting to + - R2000.00 However no log book or millage records.
Last question, do you earn commission?
Yes, Under Tax Code 3606 I earned R105 994 and under Tax Code 3601 I earned R124 000
Great, then under the other deductions section of the return you can enter your actual costs spent for work purposes under the travelling section.
Remember, I only have petrol slips but no recorded log book with millages
You need to be able to prove to SARS that this travel was business related, if you can find away of demonstrating then you can deduct. However it is always best keep a logbook!
I can't really demonstrate via a few petrol slips. So I will rather not deduct the amount
Thanks for all your help
Thanks for all your help
Keep a logbook in future and then you can apportion the expenses based on the mileage traveled.