Government Departments: Property

(asked on 12th March 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what restrictions are placed on the use of capital receipts gains from Departments' disposals of surplus property; and what guidance his Department provides to departments on the use of capital receipts gains from government disposals of surplus property.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 20th March 2018

In general, receipts from the disposal of surplus property may only be used to fund departments’ capital expenditure. Receipts that may be retained by departments are subject to limits agreed with HM Treasury at Spending Reviews, as set out in paragraph 7.29 of the Consolidated Budgeting Guidance. All rules and guidance around the use of capital receipts are set out in chapter 7 of the Consolidated Budgeting Guidance and Annex 5.3 of Managing Public Money

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