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72. In the case of a capital receipt which is received in respect of the disposal of an interest in a hostel (within the meaning given to that expression in section 622 of the Housing Act 1985) or a lodging-house (within the meaning given to that expression in section 56 of that Act), the reserved part shall be 75 per cent. if—
(a)the hostel or lodging-house is held for the purposes of Part II of that Act (provision of housing accommodation);
(b)the receipt is not a nil per cent. receipt; and
(c)where the authority is a local authority in Wales, the reserved part of the receipt does not fall to be determined in accordance with regulation 78.
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