# The Housing Renovation etc. Grants (Reduction of Grant) (Amendment) Regulations 1996, Regulation 9: Amendment of regulation 32


In regulation 32(5) (income treated as capital: advance of earnings or loan by employer), insert at the end “except insofar as the advance or loan is spent; and thereupon the advance or loan, so far as it is spent, shall not be treated as income”.

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Source: https://www.legislation.gov.uk/uksi/1996/1331/regulation/9 (the official version)
Page: https://openlegislation.uk/housing-renovation-etc-grants-reduction-of-grant-amendment-regulations-1996/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.