laap bulletin 97 capital interest rates 2014/15


This bulletin defined interest rates for the purpose of determining capital charges in 2014/2015 for those authorities that wished to continue to use them for financial management purposes.

There are no plans to issue further LAAP Bulletins in this area. For assets carried at current value, the rate was based on the discount rate that HM Treasury uses for central government capital charging purposes on the 1 October of the preceding year. For assets carried at historical cost the rate to be applied was based on the average PWLB interest rate applying to the longest dated maturity loan generally offered by the PWLB, for example 49.5 – 50 years during September of the previous year. The PWLB website has details of historical rates.

LAAP Bulletin 97 Capital Interest Rates


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