Paragraph 62 Calculation of capital in the United Kingdom
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.
Notes on Schedule
Commencement
- I1
Sch. in force at 28.11.2013, see reg. 1(2)