PART 6 Assessment of income and capital

SECTION 6Capital

Calculation of capital in the United Kingdom

[F1 45.  Capital which a claimant possesses in the United Kingdom shall be calculated at its current market or surrender value less—

(a) where there would be expenses attributable to the sale, 10 per cent; and

(b) the amount of any encumbrance secured on it.]

Textual Amendments

F1 Reg. 45 substituted (1.10.2007) by The Social Security (Miscellaneous Amendments) (No. 5) Regulations 2007 (S.I. 2007/2618), regs. 1(1), 12(6)