What happens to the Right to Buy receipts?

What happens to the Right to Buy receipts?

void homes cost money 2013

From April 2012 to June 2015 the total receipts for Northampton council property sold to tenants were £11.75 million of which £2.84 million was paid to the Treasury


Since 01 April 2012, receipts arising from the sales of dwellings made by local authorities under the Right to Buy have been divided into the following six elements:

a. transaction costs (retained by the authority);  £            322,400.00
b. allowable debt (retained by the authority);  £        3,926,990.00
c. local authority share (retained by the authority);  £        1,202,614.00
d. Treasury share (paid to the Treasury);  £        2,849,261.00
e. buy back costs (retained by the authority); and  £            112,778.00
f. 1-4-1 receipts (retained by the authority subject to conditions)  £        3,343,369.00
TOTAL  £      11,757,412.00
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