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tax-deductibility-or-motor-vehicles

9 Sep 2016

TAX DEDUCTIBILITY OF MOTOR VEHICLES

If you use your motor Vehicle for business purpose, you can generally claim a tax deduction. The amount of the tax deduction will depend on the percentage you use your vehicle for business purpose. You are required to have a ‘Log Book’ for a 12 week period. You can then give the log book to your accountant and they can determine the correct percentage for you.

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