Remedy
Start free

Section 275C: Location of assets: interests of co-owners

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part VIII: Supplemental

This section applies for determining for the purposes of this Act—

the situation of an interest (see subsection (4)) in an asset, or
whether the situation of an interest in an asset is in the United Kingdom.

The situation of the interest in the asset shall be taken to be the same as the situation of the asset, as determined in accordance with subsection (3) below.

The situation of the asset for the purposes of subsection (2) above shall be determined on the assumption that the asset is wholly-owned by the person holding the interest in the asset.

In this section "interest", in relation to an asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.