S.L. 123.55 Art. 10Annual value of the private use of a vehicle.

The annual value of the benefit referred to in rule 9, shall be arrived at first by finding the aggregate of:

- the vehicle use value determined in accordance with rule 11, - the maintenance value of the vehicle determined in accordance with rule 12, and - the fuel value of the vehicle determined in accordance with rule 13 and then multiplying the result by -

- the private use percentage determined in accordance with rule 14.