# The Pensions Regulator Tribunal (Legal Assistance Scheme) Regulations 2005, Regulation 30: Calculation of capital


(1) 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—
(a) in calculating the value of his interests, the total amount to be deducted in respect of all mortgage debts shall not exceed £100,000;
(b) in making the deductions in sub-paragraph (a), any mortgage debt in respect of the main or only dwelling shall be deducted last; and
(c) 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.
(2) Where the individual resides in more than one dwelling, the Tribunal shall decide which is the main dwelling.

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Source: https://www.legislation.gov.uk/uksi/2005/781/regulation/30 (the official version)
Page: https://openlegislation.uk/pensions-regulator-tribunal-legal-assistance-scheme-regulations-2005/regulation-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.