Regulation 23 Use of capital receiptsI1

to meet capital expenditure;

to repay the principal of any amount borrowed;

to pay a premium charged in relation to any amount borrowed;

to meet any liability in respect of credit arrangements, other than any liability which, in accordance with proper practices, must be charged to a revenue account;

to meet the F1... costs of or incidental to a disposal of an interest in housing land; or

to make a payment to the Secretary of State under F2regulation 12, 13, the Schedule or pursuant to any agreement made under section 11(6) of the Local Government Act 2003;; F3...

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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; F6...

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 agreementF7; F8...

where receipts are received on or after 1st April 2012, to make a back payment (within the meaning of regulation 30A(2) F9or regulation 30AA(2) as the case may be) in respect of unequal pay where the liability arises in the circumstances specified in regulation 30A(3) F10or 30AA(3) as the case may be;F11or

in the case of a Mayoral development corporation established under Chapter 2 of Part 8 of the Localism Act 2011, to meet any liability to pay corporation tax.