Part 10Assured tenancy allowances

Chapter 6Balancing adjustments

Meaning of “the relevant period of ownership” etc.

522Adjusted net cost

The amount of the adjusted net cost in relation to a dwelling-house is—

Entry incomplete

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, and

  • R is the number of days in the whole of the relevant period of ownership.