Regulation 8 Use of capital receipts

In regulation 18 (use of capital receipts)—

(a)

in paragraph (2), for “paragraphs (3), (6) and (7)”, substitute “paragraphs (3) and (6)”;

(b)

after paragraph (2)(e)—

(i)

omit “.”;

(ii)

insert—

“; or

(f)
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.”;

(c)

omit paragraph (7).