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24.—(1) Regulation 27 of the Council Tax Benefit Regulations (modifications in respect of child or young person)(1) shall be amended in accordance with the following provisions of this regulation.
(2) In paragraph (1) for the words “the foregoing provisions” there shall be substituted the words “Chapters I to V”;
(3) In paragraph (2)—
(a)after the words “Chapter VI” there shall be inserted the words “of this Part”;
(b)after the words “in like manner as for the claimant” there shall be inserted the words “, except as provided in paragraph (5),”.
(4) After paragraph (4) there shall be added the following paragraph—
“(5) There shall be treated as income any capital of a child or young person payable to him by instalments, one or more of which is outstanding at the date of claim or, in the case of a review, at the date of any subsequent review, where the instalment or aggregate of all the instalments outstanding at that date, taken together with the amount of that child’s or young person’s other capital calculated in accordance with Chapter VI of this Part in like manner as for the claimant, would exceed £3,000.”.
Regulation 27 was amended by S.I. 1993/688.
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