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When receiving a travel allowance, can I claim depreciation the vehicle?



I use my own car (which is financed) to do my work (labour law consultant) for a company. Can I claim depreciation against my car for this?

TaxTim TaxTim says:
12 October 2012 at 1:06

The depreciation element is built into the deduction calculation that SARS allows when claiming all your expenditure against a travel allowance. When receiving a travel allowance you would need to keep a logbook of all business travel combined with any expenditure on the car which would then be allowed as a deduction against the travel allowance. You cannot claim a depreciation/wear and tear allowance on your motor vehicle.

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