Part 10

Assured tenancy allowances
Chapter 6

Balancing adjustments

Meaning of “the relevant period of ownership” etc.

Adjusted net cost
522
The amount of the adjusted net cost in relation to a dwelling-house is—
(S - P) x I/R
where—S is the starting expenditure attributable to the dwelling-house,P is the amount of any proceeds from the balancing event,I is the number of days in the relevant period of ownership on which the dwelling-house was a qualifying dwelling-house, andR is the number of days in the whole of the relevant period of ownership.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7