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Can I claim purchase of vehicle as a expense (commission based)

Posted 6 July 2015

Rafael said:
6 July 2015 at 17:51

I am completely commission based. I recently purchased a vehicle cash. Can I claim it as expense incurred in the production of income? Or do I add it as Travel expenses (commission income)?

TaxTim Evan TaxTim Evan said:
6 July 2015 at 21:26

You would claim this as depreciation over 5 years of the cost of the vehicle, but you need to apportion this for business use which would be best backed up by a logbook. Use our wear and tear calculator to work out what you can claim.

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