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Paragraph 7 Disposable capital - resources held outside the United KingdomI1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Capital resources in a country outside the United Kingdom count towards disposable capital.

(2)

If there is no prohibition in that country against the transfer of a resource into the United Kingdom, the value of that resource is the amount which that resource would realise if sold in that country, in accordance with paragraph 6.

(3)

If there is a prohibition in that country against the transfer of a resource into the United Kingdom, the value of that resource is the amount that resource would realise if sold to a buyer in the United Kingdom.

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Commencement

I1

Sch. para. 7 in force at 7.10.2013, see art. 1