Paragraph 32 Calculation of capital in the United KingdomI1
England and Wales
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.
Annotations
Commencement
- I1
Sch. 1 para. 32 in force at 27.11.2012, see reg. 1(1)