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Mo says: 2 June 2016 at 22:44 I am an independent contractor. I do not earn any salary. I currently have a vehicle on which I claim a travel deduction. My vehicle requires replacement. I would like to know if I can claim lease payments as a tax deductible expense should I lease a new car. I have not come across any prohibition on the SARS website. This surely is in the production of income as without a car I would not be able to carry out any work at all. |
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TaxTim says: 3 June 2016 at 15:24 Yes you will be able to claim these, but only the business use portion. Please make use of our Travel Allowance calculator to see which method is better. |
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