Actual Costs
-Must have supporting docs
-Examples= W&T, finance charges, lease pmts, fuel, oil, car license, insurance
-ACTUAL RATE= Actual Costs/ Total km
-DEDUCTION= Actual Rate x Business km
Deemed Rates
-Value of vehicle; Incl. VAT & Excl. Finance Costs
-Fixed Cost; Must be divided by total km & apportioned for days
-Fuel Cost; Recipient must bear all fuel costs
-Maintenance Cost; Recipient bears all costs & only top-up or add-on maintenance plan