The Definition of Capital Expenses (Scotland) Order 1987

• Citation: S.I. 1987/943
• Sections: 2

Section 1

(1) This Order may be cited as the Definition of Capital Expenses (Scotland) Order 1987 and shall come into force on 1st April 1988.

(2) In this Order “ the Act ” means the Local Government (Scotland) Act 1973.

Section 2

For the definition of “capital expenses” in section 94(2) of the Act there shall be substituted the following definition:–

“capital expenses” means any expenses which are to be charged to a capital account or which are otherwise of a capital nature irrespective of how they are financed.