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PART 6CALCULATION OF CAPITAL AND INCOME

CHAPTER 1CAPITAL

Capital disregarded

48.—(1) Any capital specified in Schedule 10 is to be disregarded from the calculation of a person’s capital (see also regulations 75 to 77).

(2) Where a period of 6 months is specified in that Schedule, that period may be extended by the Department where it is reasonable to do so in the circumstances of the case.