Can I beat the Tax man??

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mountainboy

Race Dog
Joined
Apr 26, 2007
Messages
3,175
Reaction score
10
Location
Cape Town
Bike
BMW F800GS
Phewww

been a long while since I'm able to post something,so here goes:

28 Aug 2007 will be a special day for me, I get to do my final payment on my cage (which I love  :eek:) . And everybody is hasselling to get a new one - for tax purposes, nogal...

2 of my colleques has been 'fined' R15-20 k's by SARS last yr for not using their car allowance as they should (also using paid up vehicle's for work).

And really -I'm just not prepared to pay R4000 pm (+ insurance) on a vehicle I know will be used perhaps once a week.

I've told that I must a get vehicle of a certain value to recupe returns from the taxman. Is it really the value of the car or the value of my monthly repayments that really matters? Cause herein lie my thoughts:

Continue owning my current cage and up my payments on my bike to say R4000 pm. Then its paid off quicker,I get to keep her (or sell for spare cash) and buy me new baby!!

So - can I beat the taxman??
 
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