Related provisions for IPRU-INV 5.7.1

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IPRU-INV 5.7.2GRP
IPRU-INV 5.7.1R can be illustrated as follows:Current market value £200,000 Net book value £100,000 Mortgage £70,000, including £5,000 payable within one year Qualifying amount is the lowest of: (a) 85% x £200,000 = £170,000 (b) 85% x £100,000 = £85,000(c) £70,000 - £5,000 = £65,000 i.e. £65,000