Regulation 2 Expenditure to be capital expenditure

in paragraph (1), after sub-paragraph (e), insert—

“(ea)

expenditure incurred on the acquisition or production of assets for use by a person other than the local authority which would be capital expenditure if those assets were acquired or, as the case may be, produced for use by the local authority; and”; and

in paragraph (3), after sub-paragraph (b), insert—

“; or

(c)

an investment in the shares of a company to which Part 4 of the Finance Act 2006 (Real Estate Investment Trusts)^f2 applies,”.