# The Council Tax Reduction Schemes (Default Scheme) (Wales) Regulations 2013, 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.

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Source: https://www.legislation.gov.uk/wsi/2013/3035/schedule/paragraph/62 (the official version)
Page: https://openlegislation.uk/council-tax-reduction-schemes-default-scheme-wales-regulations-2013/schedule/paragraph-62
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.