Miles has been using a company car for private use. The car was acquired for R440000 including vat. Miles has been driving this car from acquisition (two years and 3 months)no maintenance plan was included in the purchase cost of the vehicle . Three months into the current year miles terminated his contract with the employer by resigning with immediate effect. The right of use of vehicle was immediately transferred to Lebo who used the car for remaining months of correct year of assessment you are required to calculate the taxable benefit from the private use of the motor vehicle that needs to be included in lebos gross income for the current year of assessment