# The Housing Renovation etc. Grants (Reduction of Grant) Regulations 1994, Regulation 37: Determination of tariff income from capital


(1) Where the relevant person’s capital determined in accordance with this Part exceeds £5000 it shall be treated as equivalent to a weekly tariff income of £1 for each complete £250 in excess of £5000.
(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 regulation 32 (income treated as capital).

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Source: https://www.legislation.gov.uk/uksi/1994/648/regulation/37 (the official version)
Page: https://openlegislation.uk/housing-renovation-etc-grants-reduction-of-grant-regulations-1994/regulation-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.