24AReduction of amounts included in acceptable savings where dwelling‑house or land not wholly for residential use

24A Reduction of amounts included in acceptable savings where dwelling‑house or land not wholly for residential use

(1) Where the Secretary is satisfied that any part of a dwelling‑house or of the land on which a dwelling‑house has been constructed or commenced to be constructed is not, or will not be, used by the applicant or applicants, as the case may be, as a dwelling‑house or for purposes connected with the use by the applicant or applicants of the dwelling‑house as a dwelling‑house, an amount that, but for this subsection, would be treated, in accordance with paragraph 23(1)(a) or 24(1)(a), as included in the acceptable savings of the applicant or applicants shall be reduced by an amount that bears to the first‑mentioned amount the same proportion as the value of that part of the dwelling‑house or of that part of the land, as the case may be, bears to the value of that dwelling‑house or land, as the case may be. (2) For the purposes of subsection (1), the value of a part of a dwelling‑house or of a part of land on which a dwelling‑house has been constructed or commenced to be constructed is the amount determined by the Secretary to be the value, on the valuation date, of that part of the dwelling‑house or that part of that land, having regard to the value of the dwelling‑house.