Capital Receipt definition

Capital Receipt means money of a capital nature other than loans covered by paragraphs 5(a) and 11 (2)(a) below received by the Government whether from the sale of capital assets or otherwise;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Capital Receipt means any capital receipt reasonably forecast by the Generator to be received in respect of the future disposal of any asset in any particular Contract Year during the relevant Opex Reopener Period and which constitutes capital expenditure for the purposes of paragraph (B) of the definition of “Eligible Opex Costs” in this Clause 1.1 but, for the avoidance of doubt, updated to exclude the Sizewell C payment (being any amount forecast to be payable to the Generator by or on behalf of the Sizewell C Company or otherwise in respect of, or referable to, the Sizewell C Project) and, if such amounts are expressed in Nominal Terms, Deflated and Restated to Real terms and, if such amounts are expressed in Real terms, Rebased to the relevant Opex Reopener Date;

Capital Receipt the same meaning as in paragraph 79 of the Schedule

Examples of Capital Receipt in a sentence

• Where the Trustees receive a sum of money which constitutes a Capital Receipt in respect of which a Participant is chargeable to income tax under Schedule E, the Trustees shall pay to the employer a sum equal to that on which income tax is so payable.

• Such proceeds which derive from Plan Shares will be treated as a Capital Receipt in accordance with paragraph 79(2) of the Schedule provided that any sum of less than L.3 otherwise distributable to a particular Participant may be retained by the Trustees.

• Subject to the provisions of Part IV and to Rule 30, the Trustee shall pay or transfer to a Participant any money or money’s worth it receives in respect of, or by reference to, the Participant’s Plan Shares unless it is a Capital Receipt which consists of a new holding referred to in Rule 28.

• The Trustees shall deal with any payment received in consequence of allowing any rights to lapse in respect of any Plan Shares as a Capital Receipt (provided that any Capital Receipt of less than £3 otherwise distributable to a particular Participant may be retained by the Trustees).

• NHSG also state that the organisations ability to meet aspirations of the NHSG AMP (2016-17) is dependent on receiving asset sales on 6 key sites, including the Capital Receipt for the sale of the current site of the Denburn Medical Practice.

More Definitions of Capital Receipt

Capital Receipt the meaning given to that expression by Section 54 of the Act;

Capital Receipt means in respect of a Participant’s Plan Shares, any money or money’s worth except to the extent that:

Capital Receipt has the meaning given by Section 186(3) of the Taxes Act;

Capital Receipt the meaning given to that expression by Section 513 of the Act;

Capital Receipt the meaning given in paragraph 79 of Schedule 8;

Capital Receipt in relation to Plan Shares held on behalf of a Participant, any money or money's worth which the Trustees or the Participant become entitled to receive, save to the extent that it is disregarded pursuant to the provisions of section 502(4) of the Act; "the Company" ▇▇▇▇▇▇▇▇-▇▇▇▇▇ HOLDING LIMITED registered in England under number 1961889;

Capital Receipt means receipts realized from the sale or disposal of assets, equipments or specific portion of revenue receipts so treated.