# The Housing Renovation etc. Grants (Reduction of Grant) Regulations 1994, Paragraph 28


Any payment of income which by virtue of regulation 32 (income treated as capital) is to be treated as capital.

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Source: https://www.legislation.gov.uk/uksi/1994/648/schedule/3/paragraph/28 (the official version)
Page: https://openlegislation.uk/housing-renovation-etc-grants-reduction-of-grant-regulations-1994/schedule-3/paragraph-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.