Regulation 47 Calculation of capital in the United KingdomF1
England, Wales and Scotland
Capital which a claimant possesses in the United Kingdom shall 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
Textual amendments
- F1
Reg. 47 substituted (1.10.2007) by The Social Security (Miscellaneous Amendments) (No. 5) Regulations 2007 (S.I. 2007/2618), regs. 1(1), 11(8)