I've been trying to find this everywhere but struggling for a concrete answer on depreciation(wear and tear), so hoping someone on this forum knows the answer(s).
- Can I claim depreciation on a cellphone device subscription fee (lets say I use around about 50% of the phone for business calls) for wear and tear? So for example, the invoice from my service provider displays the device subscription fee as R200 per month, Can I claim a depreciation of of R1200 (50%) of the device cost?
- Can I claim depreciation on my motor vehicle (whether it's fully paid off or financed) and lets say I only travel between home and client and back (hardly go into the office) and I don't get any travel allowance from the company? So for example, the car was sold to me for R300000 (so just pure cost of vehicle, not including interest on a financed car), Can I claim a depreciation of R30000 (50%) of the vehicle cost?
Lets assume I have a letter from my employer stating that they allow me to use my personal vehicle and cellphone for business use?