The Local Government (Prescribed Expenditure) (Amendment) Regulations 1987

Regulation 2

SCHEDULE PRESCRIBED PROPORTIONS OF NET CAPITAL RECEIPTS

Column 1	Column 2	Column 3
1.  Land held for the purposes of the Housing Act 1985 not being land comprising a dwelling-house.	30%	–
2.  Land comprising a dwelling-house held for the purposes of Part II of the Housing Act 1985 and normally let or available for letting, not being land mentioned in paragraph 3.	20%	15%
3.  Land comprising a dwelling-house held for the purposes of Part II of the Housing Act 1985 and normally let or available for letting which– (a) is disposed of on a shared ownership lease, or (b) requires significant repair or improvement, or both, and is disposed of on condition that the purchaser executes significant repair or improvement or both within a specified period.	30%	–
4.  Land (including buildings and structures on land) held other than for the purposes of the Housing Act 1985.	30%	50%
5.  A vehicle or vessel and any movable or immovable plant, machinery or apparatus.	30%	50%
6.  A grant or advance, not being one made under the Housing Act 1985 or mentioned in paragraph 7.	30%	50%
7.  An advance made by virtue of regulations under sections 450A and 450B of the Housing Act 1985(1) to enable a person to meet a service charge.	20%	15%
8.  An advance made to enable a person— (a) to acquire otherwise than from an authority an interest in a dwelling-house, or (b) to improve a dwelling-house.	20%	15%
9.  A grant or advance made to a housing association.	1%	1%

(1)

Sections 450A and 450B are inserted by section 5 of the Housing and Planning Act 1986 (c. 63) which is not yet in force.