SCHEDULES

SCHEDULE 2Transitionals and savings

Part 7Property income

Reverse premiums

49

(1)

Section 250 does not apply to a reverse premium—

(a)

which was received before 9 March 1999, or

(b)

to which the recipient was entitled immediately before that date.

(2)

In determining whether a reverse premium was one to which the recipient was entitled immediately before 9 March 1999, no account is to be taken of any arrangements made on or after that date.