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Lerato has the use of his employers company car. The value of the vehicle (inclusive of VAT) is R350 000. In the 2023/2024 year of
Lerato has the use of his employers company car. The value of the vehicle (inclusive of VAT) is R350 000. In the 2023/2024 year of assessment, the logbook used by Lerato indicates that the total distance travelled for the year of assessment was 30 000 kilometers of which 10 000 kilometers was for private use. The vehicle does not have a maintenance plan, but all the maintenance expenses of R7 000 for the year was paid by Leratos employer?
a.
R30 540
b.
R27 040
c.
R34 000
d.
R30 500
e.
None of the above
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