Paragraph 6 Disposable capital - non-money resourcesI1
United Kingdom
The value of a resource of a capital nature that does not consist of money is calculated as the amount which that resource would realise if sold, less—
(a)
10% of the sale value; and
(b)
the amount of any borrowing secured against that resource that would be repayable on sale.
Annotations
Commencement
- I1
Sch. para. 6 in force at 7.10.2013, see art. 1