# The Local Authorities (Capital Finance) Regulations 1997, Regulation 83: Notional capital receipts

Extent: E+W
Status: prospective

Where—
(a) by virtue of any provision of this Part, a capital receipt received in respect of a disposal of an interest in an asset falls to be treated as reduced for the purposes of section 59,
(b) before the capital receipt is received, the authority receive consideration not in money in respect of the same disposal or a disposal of another interest in the same asset, and
(c) the notional capital receipt in relation to the consideration not in money is treated as reduced by virtue of regulation 106(1),
there shall be deducted from the amount by which, apart from this regulation, the capital receipt would be treated as reduced the amount by which the notional capital receipt is treated as reduced.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/83 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-83
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.