Calculation of capital in the United KingdomE+W+S
This
adran has no associated
Memorandwm Esboniadol
[F147. Capital which a claimant possesses in the United Kingdom shall be calculated at its current market or surrender value less—
(a)where there would be expenses attributable to the sale, 10 per cent; and
(b)the amount of any encumbrance secured on it.]
Textual Amendments
F1Reg. 47 substituted (1.10.2007) by The Social Security (Miscellaneous Amendments) (No. 5) Regulations 2007 (S.I. 2007/2618), regs. 1(1), 11(8)