Welcome to The Forum SA. As a visitor you have read only access to the public content areas of this website. You will have to register as a member to access all content, post messages and network with our members. Membership is free and registering is quick and easy. You can click here to register now and become a member within minutes.
Tax implications on buying a passenger car for commercial use:-
[Question]
Tax implications on buying a passenger car for commercial use:-
Hi there, can anyone out there advise me on the following:- What are the tax implications on the purchase of a passenger car for a commercial use? Should the car be leased or bought via hire purchase (vehicle finance)? Is it possible to claim any of the maintenence for the vehicle.
If the car is only going to be used for business purposes, you can deduct the payments made on a monthly basis for tax purposes. You will be able to claim petrol, repairs and maintenance and licence fees. You will however not be able to claim VAT on the car.
Is the car going to be given to someone as a benefit getting to work and back, seeing clients etc. or is it just going to be at the business premises for employees that needs to use it to see clients
We process personal data about users of our site, through the use of cookies and other technologies, to deliver our services, personalize advertising, and to analyze site activity. We may share certain information about our users with our advertising and analytics partners. For additional details, refer to our Privacy Policy.
By clicking "I AGREE" below, you agree to our Privacy Policy and our personal data processing and cookie practices as described therein. You also acknowledge that this forum may be hosted outside your country and you consent to the collection, storage, and processing of your data in the country where this forum is hosted.
Tweet
Comment