FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


DIFFERENCE BETWEEN DEPRECIATION CODE 4027 AND WEAR & TEAR

Posted 12 November 2013

What is the difference between tax code 4027 on the personal tax return and wear & tear under claim against travel allowance?

TaxTim TaxTim says:
12 November 2013 at 11:26

The 4027 is for small items such as laptops and equipment used for work purposes and can be used for your vehicle if you are travelling for work purposes. The depreciation on the travel allowance is for the vehicle used there. If you have a vehicle then you would take the value and depreciate it over 5 years for the travel allowance and do not put it under the source code 4027.

This entry was posted in Tax Q&A and tagged , , , , , . Bookmark the permalink.



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.