Modifications etc. (not altering text)
C1Sch. 6 applied (with modifications) (1.4.2007) by The Rate Relief (General) Regulations (Northern Ireland) 2007 (S.R. 2007/204), regs. 1(1), 19(3)
18.—(1) Any income derived from capital to which the claimant is or is treated under regulation 48 as beneficially entitled but, subject to sub-paragraphs (2) and (3), not income derived from capital disregarded under paragraphs 1, 2, 4, 8, 14 or 26 to 29 of Schedule 7.N.I.
(2) Income derived from capital disregarded under paragraphs 2, 4 or 26 to 29 of Schedule 7 but only to the extent of—
(a)any mortgage repayments made in respect of the premises or land in the period during which that income accrued; or
(b)any rates [F1or water charges] which the claimant is liable to pay in respect of the premises or land and which are paid in the period during which that income accrued.
(3) Where income is derived from conacre or agistment letting any expenses reasonably incurred thereon including the repayment of interest and capital on any loan used for the purchase of land under the Northern Ireland Land Act 1925(1).
[F2(4) The definition of “water charges” in regulation 2(1) shall apply to sub-paragraph (2) with the omission of the words “in so far as such charges are in respect of the dwelling which a person occupies as his home”.]
Textual Amendments
F1Words in Sch. 6 para. 18(2)(b) inserted (2.4.2007) by The Social Security and Child Support (Miscellaneous Amendments) Regulations (Northern Ireland) 2007 (S.R. 2007/196), regs. 1(1), 7(9)(b)(i)
F2Sch. 6 para. 18(4) added (2.4.2007) by The Social Security and Child Support (Miscellaneous Amendments) Regulations (Northern Ireland) 2007 (S.R. 2007/196), regs. 1(1), 7(9)(b)(ii)
Commencement Information
I1Sch. 6 para. 18 in operation at 20.11.2006, see reg. 1(1)