# The Scottish Hospital Trust (Transfer of Property) Regulations 2004, Regulation 5: Method of calculating capital value of Trust Property


The capital value of the Trust property shall be calculated as follows:–
(a) investments quoted on a Stock Exchange – at last official traded price at 6th February 2004;
(b) short term loans, bank and cash balances – at amounts outstanding or at credit at 6th February 2004;
(c) subject to paragraph (d), other property and rights of, or held by, the Trust (of whatever kind) at market valuation as at 6th February 2004, by a valuer appointed by the Trust; and
(d) any feudal superiority shall have a nil value.

---
Source: https://www.legislation.gov.uk/ssi/2004/46/regulation/5 (the official version)
Page: https://openlegislation.uk/scottish-hospital-trust-transfer-of-property-regulations-2004/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.