Textual Amendments
F1Sch. Table: the names of the authorities and Column A omitted (14.6.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.3) Regulations 2012 (S.I. 2012/1324), regs. 1(2), 4(a)
F2Sch. Table: the names of the authorities and Column A inserted (14.6.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No.3) Regulations 2012 (S.I. 2012/1324), regs. 1(2), 4(b), Sch.
F3Sch. Table: in Column B for North West Leicestershire, the amount "30, 838.58" substituted for "81,496.61" (30.9.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 4) Regulations 2012 (S.I. 2012/2269), regs. 1(2), 6(d)(i)
F4Sch. Table: in Column B for North West Leicestershire, the amount "50, 904.60" substituted for "93, 362.24" (30.9.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 4) Regulations 2012 (S.I. 2012/2269), regs. 1(2), 6(d)(ii)
F5Sch. Table: in Column B for North West Leicestershire, the amount "57, 086.06" substituted for "106, 942.31" (30.9.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 4) Regulations 2012 (S.I. 2012/2269), regs. 1(2), 6(d)(iii)
F6Sch. substituted (1.4.2012) by virtue of The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 2) Regulations 2012 (S.I. 2012/711), regs. 1(2), 9, Sch. (with reg. 10)
3.—(1) The buy back allowance for the relevant quarter means (subject to paragraph 10) 50% of the relevant costs of buying back relevant interest in the relevant quarter where—E+W
(a)“relevant costs” means the expenditure incurred by the authority in the relevant quarter including administrative and incidental costs; and
(b)“relevant interest” means a freehold or leasehold interest in a dwelling—
(i)that has previously been disposed of by the authority, another authority, a new town corporation, a housing action trust or an urban development corporation;
(ii)that was not acquired pursuant to a compulsory purchase order; and
(iii)was not acquired from a body of persons corporate or unincorporate.
(2) The available buy back allowance in respect of a relevant quarter is calculated as follows—
[F7(available buy back allowance for the previous quarter + buy back allowance for the relevant quarter) – available buy back allowance deducted in the previous quarter when calculating the sub-liability.]]
Textual Amendments
F7Words in Sch. para. 3(2) substituted (30.9.2012) by The Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No. 4) Regulations 2012 (S.I. 2012/2269), regs. 1(2), 6(a)