|
INPUT FACTORS FOR CLAIM
|
|
|
|
|
Value of vehicle
|
R 195 000.00
|
|
|
Annual salary
|
R 250 000.00
|
|
|
Annual travel allowance
|
R 60 000.00
|
|
|
Odo reading March 1 2007 (kms)
|
55
000
|
|
|
Odo Reading Feb 29 2008 (kms)
|
84
000
|
|
|
Total annual travel
|
29
000
|
|
|
|
WITHOUT LOGBOOK
|
WITH LOGBOOK
|
|
Annual fixed cost element (SARS table)
|
R 58 334.00
|
R 58 334.00
|
|
Calculated fixed cost element per km
|
R 2.01
|
R 2.01
|
|
Fuel cost element per km (SARS table)
|
R 0.66
|
0.66
|
|
Maintenance cost element per km (SARS table)
|
R 0.44
|
0.44
|
|
Total cost per km
|
R 3.11
|
R 3.11
|
|
CALCULATION OF CLAIM
|
|
|
|
Business travel (kms)
|
Unknown
|
19 000
|
|
Private travel (kms)
|
Unknown
|
10 000
|
|
SARS calculated business travel (kms) limited to 14 000km (no logbook)
|
11
000
|
19 000
|
|
SARS deemed (no logbook)/calculated (logbook) private travel (kms)
|
18
000
|
10 000
|
|
Total travel claim calculation (in both cases, limited to travel allowance)
|
R 34 193.69
|
R 59 061.83
|
|
PAYE on travel allowance (assuming 40% tax rate)
|
-R 14 400.00
|
-R 14 400.00
|
|
Taxpayer reduces tax paid by
|
R 19 793.69
|
R 44 661.83
|
|
Difference claimable from SARS using MobileTripSheet logbook
|
NIL
|
R 24 868.14
|
