Paragraph 11 I1

England and Wales

For the purposes of paragraph 1(d) of Part 1, capital expenditure is expenditure of the billing authority which—

(a)

falls to be capitalised in accordance with proper practices; or

(b)

is treated as being capital expenditure by virtue of regulations or directions made by the Welsh Ministers under section 16(2) of the Local Government Act 2003.

Annotations

Commencement

I1: Sch. 3 para. 11 in force at 13.3.2017, see reg. 1(2)