S.L. 123.55 Art. 12Maintenance value.

(1) The maintenance value of a vehicle is 3% of the vehicle value if the vehicle value does not exceed €28,000 and 5%

of the vehicle value in any other case.

(2) The maintenance value of a vehicle shall be deemed to represent all costs incurred by the provider of the benefit relating to the use of the vehicle, including the road licence, the driving licence, insurance cover, repairs and servicing, but excluding fuel and garaging of the vehicle: provided that the maintenance value of a vehicle shall be determined in accordance with sub-rule (1) regardless of the cost actually incurred by the provider of the benefit and even where the said costs are borne fully or partly by the beneficiary.