Schedule PRESCRIBED PROPORTIONS OF NET CAPITAL RECEIPTS
| Column 1 | Column 2 | Column 3 |
|---|---|---|
1 Land held for the purposes of the Housing Act 1985 not being land comprising a dwelling-house. | 30% | – |
2 Land comprising a dwelling-house held for the purposes of Part II of the Housing Act 1985 and normally let or available for letting, not being land mentioned in paragraph 3. | 20% | 15% |
3 Land comprising a dwelling-house held for the purposes of Part II of the Housing Act 1985 and normally let or available for letting which– (a) is disposed of on a shared ownership lease, or (b) requires significant repair or improvement, or both, and is disposed of on condition that the purchaser executes significant repair or improvement or both within a specified period. | 30% | – |
4 Land (including buildings and structures on land) held other than for the purposes of the Housing Act 1985. | 30% | 50% |
5 A vehicle or vessel and any movable or immovable plant, machinery or apparatus. | 30% | 50% |
6 A grant or advance, not being one made under the Housing Act 1985 or mentioned in paragraph 7. | 30% | 50% |
7 An advance made by virtue of regulations under sections 450A and 450B of the Housing Act 1985f1 to enable a person to meet a service charge. | 20% | 15% |
8 An advance made to enable a person— (a) to acquire otherwise than from an authority an interest in a dwelling-house, or (b) to improve a dwelling-house. | 20% | 15% |
9 A grant or advance made to a housing association. | 1% | 1% |
Annotations
Footnotes
- f1
-
Sections 450A and 450B are inserted by section 5 of the Housing and Planning Act 1986 (c. 63) which is not yet in force.