Regulation 44 Calculation of capital in the United KingdomF1
Northern Ireland
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. 44 substituted (1.10.2007) by The Social Security (Miscellaneous Amendments No. 5) Regulations (Northern Ireland) 2007 (S.R. 2007/396), regs. 1(1), 9(8)
Notes on Part VI
Modifications
- C1
Pt. VI applied (with modifications) (1.4.2007) by The Rate Relief (General) Regulations (Northern Ireland) 2007 (S.R. 2007/204), regs. 1(1), 19(1)