# The Housing Renewal Grants (Amendment) (England) Regulations 2003, Regulation 15: Regulation 40


In regulation 40 (determination of tariff income from capital)—
(a) for paragraph (1) substitute—
“(1) Where the relevant person’s capital determined in accordance with this Chapter and Chapters 4 to 8 exceeds £6000 it shall be treated as equivalent to a weekly tariff income of—
(a) where the relevant person is aged under 60, £1 for each complete £250 in excess of £6000; and
(b) where the relevant person is aged 60 or over, £1 for each complete £500 in excess of £6000.”;
(b) in paragraph (2), after “£250” insert “ or £500, as the case may be”.

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Source: https://www.legislation.gov.uk/uksi/2003/2504/regulation/15 (the official version)
Page: https://openlegislation.uk/housing-renewal-grants-amendment-england-regulations-2003/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.