Regulation 4 Capital receipt treated as reduced

in paragraph (1), omit “paragraph (2)” and insert “paragraphs (2), (3) and (5)”; and

after paragraph (4) insert—

“(5)

Paragraphs (2) and (3) shall not apply to capital receipts arising from the disposal of an interest in housing land which is the subject of an agreement made under section 80B of the Local Government and Housing Act 1989^f1.”