Mr Shapwa leases a motor vehicle for R4,500 per month and leases the same vehicle to his employer for R4,500 per month. His employer grants him the right to use the vehicle. He bears all fuel and maintenance costs. During the year, he travels 24,000 km, of which 8,000 km relates to business travel. The deemed costs are:

• Fixed cost component: R60,000 per year
• Fuel cost: R1.70 per kilometre
• Maintenance cost: R0.60 per kilometre

What is the taxable amount of the travel allowance?