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Not sure to use financed value or retail value for car expenses?

Posted 7 August 2015

Jarques said:
7 August 2015 at 9:15

Good day,

The cost of my car shows retail value of R370 000 but shows after extras minus deposit financed at R311 00

Which value do I use in my tax return?

TaxTim Marc TaxTim Marc said:
7 August 2015 at 19:20

You would use the actual cost without the interest, but including VAT.

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