Regulation 6 Capital receipts
After regulation 9A (Social HomeBuy receipts)f1, insert—
“Securitisation transaction receipts
9B.For the purposes of Chapter 1 of Part 1, any sum received as consideration by a local authority as the result of a securitisation transaction which, apart from this regulation, would not be a capital receipt, must be treated as a capital receipt.”.
Annotations
Footnotes
- f1
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Regulation 9A was inserted by S.I. 2006/521.