The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2006 No. 521

Social HomeBuy receipts

3.  After regulation 9 of the Principal Regulations (payment made to redeem landlord’s share), there shall be inserted—

“Social HomeBuy receipts

9A.   For the purposes of Chapter 1 of Part 1, a premium received by a local authority on or after 1st April 2006 in respect of a Social HomeBuy disposal which, apart from this regulation, would not be a capital receipt, shall be treated as a capital receipt.”.