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


Vehicle tax benefits for CC or Pty company

Posted 8 September 2013

What are the tax benefits of leasing a vehicle? The lease amount is R4 000 p/m and it's for 36 months. Should I rather get a single cab bakkie and claim the VAT back on that? I own a few restaurants, so it would be for picking up emergency stock and the company logo will be displayed on either vehicle (if that makes any difference).
I own a cc and a pty(ltd), is there different tax benefits for them?

TaxTim Marc TaxTim Marc said:
9 September 2013 at 21:38

There are not tax differences between the CC or the company, they are treated as one in the same.

If you are registered as a VAT Vendor then leasing a bakkie would be the better option as you can claim the VAT portion back. Any business expenditure on vehicles would be allowed as a tax deduction, provided they are used for business purposes.

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





Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

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.