# The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003, Regulation 8: Disposal of mortgage portfolio

Extent: E+W

For the purposes of Chapter 1 of Part 1, a sum received by a local authority on or after 1st April 2004 in respect of the disposal of the authority’s rights and obligations as mortgagee of any housing land which, apart from this regulation, would not be a capital receipt, shall be treated as a capital receipt.

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Source: https://www.legislation.gov.uk/uksi/2003/3146/regulation/8 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-regulations-2003/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.