# The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003, Regulation 29A: Accounting for capital expenditure


Where expenditure of a local authority—
(a) is expenditure which falls to be capitalised in accordance with proper practices (“capital expenditure”); or
(b) is treated as being capital expenditure by virtue of regulations made, or a direction given, under section 16(2),
that expenditure need not be charged to a revenue account of the local authority.

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Source: https://www.legislation.gov.uk/uksi/2003/3146/regulation/29A (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-regulations-2003/regulation-29A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.