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Thread: Transfering my car into a PTY

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    Transfering my car into a PTY

    Hey guys,

    I want to transfer my car into my companies name for tax write off purposes, has anyone done this?

    I sent my mom to look into it for me and they told me the company needs to be registered with JMPD, what's this all about?

    I've done this before when I sold off one of my cars and remember there being two forms, one blue and one yellow for both the seller and buyer to fill in.

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    Site Caretaker Dave A's Avatar
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    Assuming there is no outstanding finance on the vehicle, the only "tricky" part is assigning a fair market value to the transfer.
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    Diamond Member HR Solutions's Avatar
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    Yes I have done this - Go to the Bedfordview traffic department. Quick and easy - The guy at the front counter will tell you what forms you need to fill in and what to do. I did this about a year ago and can't quite remember what colour forms I had to fill in. I do know you have to nominate a proxy for the business, but it really is not difficult. Get a current value for your car and done deal
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    Cool cool ok thanks, I assume the company's proxy will be the director who is me

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    Email problem Phil Cooper's Avatar
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    You will also need to take the Company's Registration docs - or a copy.

    Not sure on VAT - but may need proof of that too.

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    I got the 'official' CIPC registration document of the company, I paid R30 to export this from the CIPC website, hope this is enough.

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    Just check the perks tax....my understanding is it applies even if car is paid off? Unless it is a single cab bakkie etc

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