The Council Tax Reduction (Scotland) Regulations 2021, Section 67 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
67.—(1) The whole of an applicant’s capital is to be taken into account unless—
(a)it is to be treated as income (see paragraphs (3) and (4)), or
(b)it is to be disregarded (see regulation 69).
(2) An applicant’s personal possessions are not to be treated as capital.
(3) Subject to paragraph (4), any sums that are paid regularly and by reference to a period, for example payments under an annuity, are to be treated as income even if they would, apart from this provision, be regarded as capital or as having a capital element.
(4) Where capital is payable by instalments, each payment of an instalment is to be treated as income if the amount outstanding, combined with any other capital of the applicant exceeds £16,000, but otherwise such payments are to be treated as capital.
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