17(1)Section 106 (cash equivalent: cost of accommodation over £75,000) is amended as follows.U.K.
(2)In subsection (1), after “equivalent” insert “ or modified cash equivalent ”.
(3)After subsection (2) insert—
“(2A)To calculate the modified cash equivalent—
(a)apply steps 1 to 3 in subsection (2), as if the words “cash equivalent” in step 1 were “modified cash equivalent (for the purposes of section 105)”;
(b)calculate the modified cash equivalent by adding together the amounts calculated under steps 1 and 3 as applied by paragraph (a).”