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This is the summary of responses and the government’s response to the consultation on proposed amendments to the Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 in relation to the use of capital receipts.
We are seeking views on our proposed amendments to the regulations governing the use of receipts arising from the disposal of council housing assets and use of the receipt arising from such disposals.
The consultation proposes that the existing arrangements are retained for 2015 to 2016 and 2016 to 2017 with adaptations to take account of possible housing stock transfers and errors made in the calculations for previous years.
It is aimed primarily at English local housing authorities, but will also be of interest to English local authority tenants and those wishing to access home ownership.