Car logbook tax template

The rates. Where an allowance or advance is based on the actual distance. Employees may also be entitled to claim a reduction on the fringe. In order to claim such a deduction, an accurate record.

This logbook may also be used for. The same minimum information as set out above is also. For the rates for other tax years please visit. Kilometre Recording. Business Travel Details. Maintenance Costs. Opening kilometers at the beginning of the year of assessment. Closing kilometers at the end of the year of assessment. Take your completed Travel Logbook together with all other supporting documents with. For more information visit the SARS.

Travel e-log book. When can you claim for travel? If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes.

Top Tip: Your travel between home and your place of work cannot be claimed for business purposes, as this is regarded as private travel. A separate logbook must be kept for each motor vehicle where more than one motor vehicle has been used for business travel during the year of assessment.

Top Tip: you must keep your logbook for a period of at least five years from the date of the submission of your return, as you may be required to submit it to SARS to back up your claim. Frequently Asked Questions.

No, SARS does not require the daily odometer readings for Read More. You should always maintain an opening and closing odometer reading You need to mention the reason in detail, but there is no need to mention the private travel but you can mention it as it will help to include in the records and can help in calculations.

While preparing a car log book template, here are few things which one should keep in mind. First thing is, the beginning and ending period of the log book. Second thing is; the odometer reading of the car at the beginning of the log book as well as at the end of it. Most odometer records are consider to be the most important part of the log book, showing the starting and closing odometer records for the relevant period.

Here you are provided with some ready to use car log book template that will assist you in providing quality template in no time the template provided here are equipped with quality content. All you need to do is to download the template and customize it according to your requirement this will assist you by saving your time and effort.

MS Excel Format.