Legislation changes from 10/11/2005

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  • #21465
    bud
    Participant

    Something basic for Friday afternoon.

    Can someone tell me the circular no. for the above i.e. when revising or superseding a claim, you should revalue capital for stocks and shares and national savings certificates.

    I think I need new specs. Thank you in advance and have a good weekend.

    #5327
    Anonymous
    Guest

    Para 39 of this:

    [url]https://hbinfo.org/menu3/circs2005pdf/a21-2005.pdf[/url]

    But I think the amendments only applied to National Savings Certificates, and the separate rule for calculating NSC values seems to have disappeared now (from 1 October 2007).

    That doesn’t mean that you should never update capital valuations: obviously you need to review these items from time to time, but the Regs are not prescriptive about how often you do that.

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