# The Non-Domestic Rating (Demand Notices) (Wales) Regulations 2017, Paragraph 11

Extent: E+W

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.

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Source: https://www.legislation.gov.uk/wsi/2017/113/schedule/3/paragraph/11 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-demand-notices-wales-regulations-2017/schedule-3/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.