Regulation 35 Calculation of tariff income from capitalI1
England, Wales and Scotland
(1)
Where the claimant’s capital calculated in accordance with this Part exceeds £3000 it shall be treated as equivalent to a weekly tariff income of £1 for each complete £250 in excess of £3000 but not exceeding £8000.
(2)
Notwithstanding paragraph (1) where any part of the excess is not a complete £250 that part shall be treated as equivalent to a weekly tariff income of £1.
(3)
For the purposes of paragraph (1), capital includes any income treated as capital under F1regulation 30 (income treated as capital).
Annotations
Textual amendments
- F1
Words in reg. 35(3) substituted (1.4.1989) by The Housing Benefit (Community Charge Rebates) (Scotland) Amendment Regulations 1989 (S.I. 1989/361), regs. 1(1)(b), 11