Vehicle depreciation?

By Marc Sevitz · Updated

I recently started my own business and I use my vehicle to collect stock/supplies and also to deliver to my clients. Can I claim the cost of my yearly vehicle renewal from tax?
TaxTim Marc

TaxTim Marc said:
24 February 2014 at 12:25

Yes you can depreciate this vehicle over 5 years for income tax purposes, however you would need to apportion this amount for the business use vs private use as only business use can be deducted for tax purposes.
Deductions
Depreciation / Wear and Tear