# The Local Authorities (Capital Finance) Regulations 1997, Regulation 72: Hostels and lodging houses

Extent: E+W
Status: prospective

In the case of a capital receipt which is received in respect of the disposal of an interest in a hostel (within the meaning given to that expression in section 622 of the Housing Act 1985) or a lodging-house (within the meaning given to that expression in section 56 of that Act), the reserved part shall be 75 per cent. if—
(a) the hostel or lodging-house is held for the purposes of Part II of that Act (provision of housing accommodation);
(b) the receipt is not a nil per cent. receipt; and
(c) where the authority is a local authority in Wales, the reserved part of the receipt does not fall to be determined in accordance with regulation 78.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/72 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-72
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.