Regulation 11 Amendment of regulation 36

In regulation 36 (capital jointly held), for the words “to the whole beneficial interest” to the end, substitute—

“to an equal share of the whole beneficial interest therein; and the value of that equal share shall be calculated by taking the value of the whole beneficial interest calculated in accordance with the foregoing provisions of this Chapter, as though—

(a)

that interest is solely owned by the relevant person; and

(b)

in the case of a dwelling, none of the other joint owners occupies the dwelling concerned,

and dividing the same by the number of persons who have a beneficial interest in the capital in question.”.