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Regulation 2 Relevant contributions

Original text. Later amendments are not shown.

(1)

For the purposes of section 55 of the 2001 Act, relevant contributions shall be the part of the payments that the resident is liable to pay to the local authority that shall be determined by calculating the difference between—

(a)

the payments that the resident is liable to pay to the local authority, calculated in accordance with the Assessment Regulations, and

(b)

the payments that the resident is liable to pay to the local authority, calculated in accordance with the Assessment Regulations, but not taking into account the value of the resident’s beneficial interest in the property which he occupies or formerly occupied as his only or main residence.