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PART 10E+W+SINCOME AND CAPITAL

CHAPTER 7E+W+SCapital

Calculation of capital in the United KingdomE+W+S

113.  Capital which a claimant possesses in the United Kingdom is to be calculated at its current market or surrender value less—

(a)where there would be expenses attributable to sale, 10%; and

(b)the amount of any incumbrance secured on it.