9 “Capital receipt”
Local Government Act 2003 (2003 c 26) | Legislation

Capital receipts

9  “Capital receipt”

(1)     Subject to subsection (3), references in this Chapter to a capital receipt, in relation to a local authority, are to a sum received by the authority in respect of the disposal by it of an interest in a capital asset.

(2)     An asset is a capital asset for the purposes of

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