Tax: Travel Allowance vs. classic car

Merlin

Expert Member
Joined
Jan 18, 2006
Messages
2,599
Hi everyone,



As of Sept 1st, I've been issued with a travel allowance.

Looking around, I've found a few good tips...

* According to the SARS website, I only need to log my business travel.

* I should be keeping receipts for all work done to my car.

* Up to 80% of my business travel can be claimed back.



My questions...

1. Do I need to keep the receipts from every time that I top up my tank?

2. I drive a classic car; a '60s Beetle. It's had a lot of work to it and has been formally appraised at a fairly high value. The online tax calculators seem to cut off vehicles beyond 2010. Am I going to have a problem claiming with my car?

Thanks.



Kind regards.
 
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