Regulation 20 Calculation of capital in the United KingdomI1
England and Wales
Capital which the adult possesses in the United Kingdom is to be calculated at its current market or surrender value (whichever is the higher), less—
(a)
where there would be expenses attributable to sale, 10%; and
(b)
the amount of any encumbrance secured on it.
Annotations
Commencement
- I1
Reg. 20 in force at 1.4.2015 in accordance with reg. 1