# The Local Authorities (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2018, 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).

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Source: https://www.legislation.gov.uk/wsi/2018/325/regulation/8 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-amendment-regulations-2018/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.