Vehicle tax benefits for CC or Pty company
By Marc Sevitz · Updated
I own a cc and a pty(ltd), is there different tax benefits for them?
There are not tax differences between the CC or the company, they are treated as one in the same.
If you are registered as a VAT Vendor then leasing a bakkie would be the better option as you can claim the VAT portion back. Any business expenditure on vehicles would be allowed as a tax deduction, provided they are used for business purposes.
If you are registered as a VAT Vendor then leasing a bakkie would be the better option as you can claim the VAT portion back. Any business expenditure on vehicles would be allowed as a tax deduction, provided they are used for business purposes.