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Housing Renewal Grants (Reduction of Grant) Regulations (Northern Ireland) 2004
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Determination of tariff income from capital
41.—(1) Where the relevant person’s capital determined in accordance with this Part exceeds £6,000 it shall be treated as equivalent to a weekly tariff income of –
(a)where the relevant person is aged under 60, £1 for each complete £250 in excess of £6,000; and
(b)where the relevant person is aged 60 or over, £1 for each complete £500 in excess of £6,000.
(2) Notwithstanding paragraph (1) where any part of the excess is not a complete £250 or £500, as the case may be, that part shall be treated as equivalent to a weekly tariff income of £1.
(3) For the purposes of paragraph (1), capital includes any income treated as capital under regulation 36 (income treated as capital).
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