Travel allowance - deemed vs actual cost for commission earner
By Evan Robinson · Updated
I am a SARS commission earner. I would like to claim back the use of my vehicle to earn commission. I have a detailed logbook. Where and how do I claim these expenses? According to the TaxTim wear and tear calculator, I should use deemed cost, however I never received a travel allowance on my IRP5.
You can claim depreciation and travel expenses in your Tax Return under "other deductions" codes 4027 and 4015 respectively.
It is great that you have a logbook because you can demonstrate the actual percentage related to business. For depreciation, you would take the value of your car and divide it by 5 and then use your business mileage as a percentage of overall travel to apportion this. Same for all travel related expenses you cover.
It is great that you have a logbook because you can demonstrate the actual percentage related to business. For depreciation, you would take the value of your car and divide it by 5 and then use your business mileage as a percentage of overall travel to apportion this. Same for all travel related expenses you cover.
Would the deemed vs actual costs calculation not affect me?
No, because you do not receive a travel allowance.