Peter is the financial director of LMS (Pty) Ltd. LMS owns a 5-star beach holiday accommodation in Cape Town. The accommodation is normally rented out to unconnected persons for R8 000 per person per night. Peter, his wife and 2 kids were granted 3 nights by LMS (Pty) Ltd to enjoy Cape Town. Peter paid R4 000 per person per night to LMS (Pty) Ltd for the accommodation. The taxable benefit from the holiday accommodation that needs to be included in Peter's gross income for the current year of assessment is:

 a.R24 000 

b.R12 000 

c.R48 000

d.R24 000

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