SCHEDULE 6Determining eligibility for a reduction under an authority’s scheme, amount of reduction and calculation of income and capital: persons who are not pensioners
PART 4Income and capital for the purposes of calculating eligibility for a reduction under an authority’s scheme and amount of reduction
CHAPTER 3Capital: persons who are not pensioners
Calculation of capital in the United Kingdom: persons who are not pensioners
28. Capital which an applicant possesses in the United Kingdom is to be calculated at its current market or surrender value less—
(a)where there would be expenses attributable to the sale, 10 per cent; and
(b)the amount of any encumbrance secured on it.