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Sequestration and Business Vehicles

Posted 13 May 2016

Adriaan says:
13 May 2016 at 10:47

If I have been declared insolvent, can I still make claims against the business use of a vehicle if not registered in my name? For example, I make use of a vehicle registered in someone else's name, but I still make the payments as I am the driver of the vehicle for business purposes. Also, what if exemption was granted and I kept my vehicle, will I then still be allowed to claim against the use of my vehicle used for business even if I am sequestrated?

TaxTim TaxTim says:
13 May 2016 at 16:39

You would need to speak with SARS about this as they determine the deductions for insolvent taxpayers.

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