OpenLegislation

Regulation 4 Capital receipts not exceeding £10,000

Original text. Later amendments are not shown.

In regulation 10 of the Principal Regulations (capital receipts not exceeding £10,000)—

(a)

at the beginning of paragraphs (1) and (5) there shall be inserted, in each case, “Subject to paragraph (7),”; and

(b)

after paragraph (6), there shall be added—

“(7)

Paragraphs (1) and (5) do not apply in relation to a premium received by a local authority, on or after 1st April 2006, in respect of a Social HomeBuy disposal.”.