PART 4CAPITAL RECEIPTS
SUMS TO BE TREATED AS CAPITAL RECEIPTS
Payment made to redeem landlord’s shareI19
For the purposes of Chapter 1 of Part 1, where an interim or final payment is made to a local authority, on or after 1st April 2004, in accordance with Schedule 6A to the Housing Act 1985 (redemption of landlord’s share)18, the sum received by the authority shall be treated as a capital receipt if, apart from this regulation, it would not be a capital receipt.