Calculation of capital in the United Kingdom: persons who are not pensionersE+W
28. Capital which an applicant possesses in the United Kingdom is to 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.
Commencement Information
I1Sch. 6 para. 28 in force at 28.11.2013, see reg. 1(2)