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Thread: Right of use of motor vehicle - fringe benefit to member of CC

  1. #11
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    @Tato,

    I think you should rather start a new thread, as you are referring to diesel rebates and claiming thereon, and this thread relates to fringe benefits - benefits which a person receive due to the fact that they are employed by a company.

  2. #12
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    Quote Originally Posted by Andromeda View Post
    An individual taxpayer who wants to claim against a travel allowance he has received, or against use of a company owned vehicle, would need to keep a logbook to prove his claim of business use. You are referring to company vehicles used on company business; no logbook is required.
    Thank you, this answers my questions.
    But why would an individual taxpayer claim against the use of a company owned vehicle? He/she would do that only, if he/she has to use own money to fill up the tank, for business travel. Am I right?
    So if the company pays for petrol etc., then the individual would have no reason for a claim!? On the contrary, he/she might have to (theoretically) declare "fringe benefits", in case the vehicle is being used privately, too. Correct?

  3. #13
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    No Tato. A person having the use of a company vehicle pays tax on the fringe benefit that it represents. That fringe benefit value he is able to reduce by claiming the business usage (which does not represent a benefit) from the fringe benefit.

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