{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-22/paragraph-14",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-22/paragraph-14.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/22/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "(1) This paragraph applies where an asset-based penalty is chargeable in relation to an asset that is jointly held by P and another person (A).\n(2) The value of the asset is to be taken to be the value of P's share of the asset.\n(3) In a case where P and A—\n(a) are married to, or are civil partners of, each other, and\n(b) live together,\nthe asset is to be taken to be jointly owned by P and A in equal shares, unless it appears to HMRC that this is not the case.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 22 para. 14 in force at 1.4.2017 with effect in accordance with reg. 2(b) by S.I. 2017/277, reg. 2(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/22/paragraph/14",
    "retrieved_at": "2026-10-29T09:06:05.350093+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}