Paragraph 16

(1)

Any income derived from capital to which the claimant is, or is treated under regulation 35 (capital jointly held) as, beneficially entitled but, subject to sub-paragraph (2), not income derived from capital disregarded under paragraph 1, 2, 4, 6, F113 or 26 to 30 of Schedule 3.

(2)

Income derived from capital disregarded under paragraph 2, F24 or 26 to 30 of Schedule 3 but F3only to the extent of—

(a)

any mortgage repayments made in respect of the dwelling or premises in the period during which that income accrued; or

(b)

any council tax or water charges which the claimant is liable to pay in respect of the dwelling or premises and which are paid in the period during which that income accrued.

Annotations

Textual amendments

F1: Words in sch. 2 para. 16(1) substituted (12.9.1988) by Family Credit (General) Amendment No. 3 Regulations 1988 (S.I. 1988/1438), reg. 1(1)(b), 8(a)(i)
F2: Words in sch. 2 para. 16(2) substituted (12.9.1988) by Family Credit (General) Amendment No. 3 Regulations 1988 (S.I. 1988/1438), reg. 1(1)(b), 8(a)(ii)
F3: Words in sch. 2 para. 16(2)(a)(b) substituted (1.4.1993) by The Income-related Benefits Schemes (Miscellaneous Amendments) Regulations 1993 (S.I. 1993/315), regs. 1(1)(d), 15(2)