Regulation 30 Calculation of capital
In calculating the disposable capital of the individual, the value of any interest in land shall be taken to be the amount for which that interest could be sold less the amount of any mortgage debt, subject to the following—
in calculating the value of his interests, the total amount to be deducted in respect of all mortgage debts shall not exceed £100,000;
in making the deductions in sub-paragraph (a), any mortgage debt in respect of the main or only dwelling shall be deducted last; and
the first £100,000 of the value of his interest (if any) in the main or only dwelling in which he resides, after the application of sub-paragraphs (a) and (b), shall be disregarded.
Where the individual resides in more than one dwelling, the Tribunal shall decide which is the main dwelling.