Part 1E+WCapital finance etc and accounts

Modifications etc. (not altering text)

C2Meaning of “local authority” in Pt. 1 modified (28.3.2008) by Bedfordshire (Structural Changes) Order 2008 (S.I. 2008/907), arts. 1, 20(7)(c)

C3Pt. 1 applied (15.1.2014) by Humber Bridge Act 2013 (c. vi), ss. 1(1), 8(4)

Chapter 1E+WCapital finance etc

Capital receiptsE+W

10Non-money receiptsE+W

(1)The Secretary of State may by regulations apply section 9 to cases where—

(a)a local authority makes a disposal of the kind mentioned in subsection (1) of that section and the consideration for the disposal does not consist wholly of money payable to the authority, or

(b)a local authority receives otherwise than in the form of money anything which, if received in that form, would be a capital receipt under that section.

(2)Regulations under subsection (1) may, in particular—

(a)make provision for a local authority to be treated as receiving a sum of such an amount as may be determined under the regulations;

(b)make provision about when the deemed receipt is to be treated as taking place.

Commencement Information

I2S. 10 in force at 27.11.2003 for W. for the purpose of and in relation to financial years beginning on or after 1.4.2004 by S.I. 2003/3034, art. 2, Sch. 1 Pt. I (with Sch. 2 para. 3)