Decision Makers Guide - DMG43002
Calculation of capital value
43002 The decision maker should calculate1 the value of a
capital resource in the case of
1) National Savings Certificates
- if bought from an issue withdrawn before 1 July
immediately before the date of application, at the price it would
have realised on that 1 July had it been bought on the last day of
that issue (DMG43026)
- at its purchase price in any other case or
2) any other capital asset at its current market or surrender
value, less
- 10% of that value if there are any expenses of
sale and
the total of any outstanding legal applications or debts, such
as a mortgage, secured on the asset (DMG43011).
