PART VIII INCOME AND CAPITAL
Chapter VII Liable Relatives
Period over which periodical payments are to be taken into account120
1
The period over which a periodical payment is to be taken into account shall be–
a
in a case where the payment is made at regular intervals, a period equal to the length of that interval;
b
in a case where the payment is due to be made at regular intervals but is not so made, such number of weeks as is equal to the number obtained (and any fraction shall be treated as a corresponding fraction of a week) by dividing the amount of that payment by the weekly amount of that periodical payment as calculated in accordance with regulation 122(4);
c
in any other case, a period equal to a week.
2
The period under paragraph (1) shall begin on the date on which the payment is treated as paid under regulation 123.