Regulation 3 Social HomeBuy receipts

After regulation 9 of the Principal Regulations (payment made to redeem landlord’s share), there shall be inserted—

“Social HomeBuy receipts

9A

For the purposes of Chapter 1 of Part 1, a premium received by a local authority on or after 1st April 2006 in respect of a Social HomeBuy disposal which, apart from this regulation, would not be a capital receipt, shall be treated as a capital receipt.”.