The Non-Domestic Rating (Demand Notices) (Wales) Regulations 2017 No. 113 (W. 39)

SCHEDULE 3 E+W Financial and other information

PART 2 E+W Interpretation etc.

11.  For the purposes of paragraph 1(d) of Part 1, capital expenditure is expenditure of the billing authority which— E+W

(a) falls to be capitalised in accordance with proper practices; or

(b) is treated as being capital expenditure by virtue of regulations or directions made by the Welsh Ministers under section 16(2) of the Local Government Act 2003.

Commencement Information

I1 Sch. 3 para. 11 in force at 13.3.2017, see reg. 1(2)