Legislation

Regulation 36 – Determination of capital in the United Kingdom

Introduction

Capital which a relevant person possesses in the United Kingdom shall be determined- (a) except in a case to which sub-paragraph (b) applies, at its current market or surrender value less- (i) where there would be expenses attributable to sale, 10 per cent, and (ii) the amount of any incumbrance secured on it; (b) in […]

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