{"id":181176,"date":"2018-06-26T10:10:45","date_gmt":"2018-06-26T08:10:45","guid":{"rendered":"https:\/\/germistoncitynews.co.za\/?p=181176"},"modified":"2018-06-25T10:28:51","modified_gmt":"2018-06-25T08:28:51","slug":"tax-season-travel-logbook","status":"publish","type":"post","link":"https:\/\/develop.citizen.co.za\/germiston-city-news\/lifestyle-news\/2018\/06\/26\/tax-season-travel-logbook\/","title":{"rendered":"Tax season: Travel logbook"},"content":{"rendered":"<p>Firstly, record your motor vehicle\u2019s odometer reading on March 1, the first day of a tax year.<\/p>\n<p>Secondly, make sure that you keep a logbook throughout the year. It is not necessary to record details of private travel.<\/p><div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><\/div>\n<p>Without a logbook you won\u2019t be able to claim the cost of business travel against your travel allowance.<\/p>\n<p>Thirdly, record your motor vehicle\u2019s closing odometer reading on the last day of February of the next year, the last day of the applicable tax year.<\/p><div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><\/div>\n<p>Next calculate your total kilometres for the full year (closing kilometres less opening kilometres), then calculate your total business kilometres for the year (sum of all business kilometres).<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff0000\">Also Read:<\/span> <a href=\"https:\/\/albertonrecord.co.za\/179328\/what-if-i-dont-agree\/\" target=\"_blank\">What if I don&#8217;t agree?<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>In respect of every business trip you record the following:<\/strong><\/p>\n<ul>\n<li>The date of travel.<\/li>\n<li>The kilometres travelled.<\/li>\n<li>Business travel details (where you started your trip, where you went and the reason for the trip)<\/li>\n<li>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.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>There are two ways to work out how much you can claim:<\/strong><\/p>\n<ul>\n<li>Calculate your claim based on the cost scale table which SARS supplies (you\u2019ll find this table in the introduction section to the travel eLogbook).<\/li>\n<li>Calculate your claim based on actual costs. To do this, you&#8217;ll have to keep an accurate record of all your expenses during the year, in addition to keeping a log book. These expenses include fuel, oil, repairs and maintenance, car licence, insurance, wear-and-tear and finance charges or lease costs.<\/li>\n<li>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.<\/li>\n<li>Information obtained from <a href=\"http:\/\/www.sars.gov.za\">www.sars.gov.za<\/a><\/li>\n<\/ul>\n<\/p><div class=\"stream-item stream-item-below-post-content\">\n<div class='tenancy_slot tenancy_slot_1 jannah_ad' style='display: none;' data-query-id='9adfabf9343cec257a9afbef2feb7c51'><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":57,"featured_media":181192,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"hasGravity":false,"cxt_article_byline":"Caxton local media","cxt_disable_google_ads":false,"footnotes":""},"categories":[9312,3686],"tags":[19213,19214,19495,17595,1029,19217,19496,18202,7699,19497],"class_list":["post-181176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news","category-lifestyle-news","tag-efiling","tag-filing-tax","tag-logbook","tag-paying-tax","tag-sars","tag-south-african-revenue-service-sars","tag-tax-information","tag-tax-returns","tag-tax-season","tag-travel-allowance"],"amp_enabled":true,"category_labels":{"Category":"International","SubCategory":"Business"},"tag_labels":["eFiling","filing tax","logbook","paying tax","SARS","SOUTH African Revenue Service (SARS)","tax information","tax returns","tax season","travel allowance"],"_links":{"self":[{"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/posts\/181176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/comments?post=181176"}],"version-history":[{"count":0,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/posts\/181176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/media\/181192"}],"wp:attachment":[{"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/media?parent=181176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/categories?post=181176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/develop.citizen.co.za\/germiston-city-news\/wp-json\/wp\/v2\/tags?post=181176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}