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Capital receipts flexibility extended to 2030

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Local authorities have been granted an extended window to use capital receipts for transformation costs, as the government confirms the flexibility will now run through to 2030.

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In a direction for local authorities in England last week, the government confirmed that councils can continue to use proceeds from asset sales to

Backstop dates and disclaimers, the appearance of the asset ceiling, local government reorganisation, simplification of accounts. Stephen Sheen assesses an eventful 2024 in the world of audit and accounts, and looks at what might happen next.

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