# The Council Tax Reduction Schemes (Default Scheme) (England) Regulations 2012, Paragraph 65: Calculation of capital in the United Kingdom

Extent: E+W+S

Capital which an applicant possesses in the United Kingdom is to be calculated at its current market or surrender value less—
(a) where there would be expenses attributable to the sale, 10 per cent; and
(b) the amount of any encumbrance secured on it.

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Source: https://www.legislation.gov.uk/uksi/2012/2886/schedule/paragraph/65 (the official version)
Page: https://openlegislation.uk/council-tax-reduction-schemes-default-scheme-england-regulations-2012/schedule/paragraph-65
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.