Regulation 4 Use of capital receipts

in paragraph (e), omit the word “administrative”;

at the end of paragraph (f), omit “or”; and

after paragraph (g), insert—

“(h)

to meet the costs of or incidental to a disposal of an interest in land other than housing land, provided these do not exceed 4% of the capital receipt arising from the disposal; or

(i)

to make all or part of a payment to a person, where the obligation to make that payment arises on the disposal of an asset, as a result of an agreement made at the time of the acquisition of that asset, or in relation to such an agreement.”.