The Council Tax Reduction (Scotland) Regulations 2012

Calculation of tariff income from capitalS

This section has no associated Policy Notes

51.—(1) Subject to paragraph (2), where the applicant's capital calculated in accordance with this Part exceeds £6,000 it is to be treated as equivalent to a weekly tariff income of £1 for each complete £250 in excess of—

(a)£10,000 in the case where the applicant is aged 60 or over or has a partner who is aged 60 or over; and

(b)£6,000 in any other case.

(2) Where any part of the excess is not a complete £250 that part is to be treated as equivalent to a weekly tariff income of £1.