# The Jobseeker’s Allowance Regulations 1996, Regulation 115: Capital jointly held


Except where a claimant possesses capital which is disregarded under regulation 113(4) (notional capital), where a claimant and one or more persons are beneficially entitled in possession to any capital asset, they shall be treated as if each of them were entitled in possession to the whole beneficial interest therein in an equal share and the foregoing provisions of this Chapter shall apply for the purposes of calculating the amount of capital which the claimant is treated as possessing as if it were actual capital which the claimant does possess.

---
Source: https://www.legislation.gov.uk/uksi/1996/207/regulation/115 (the official version)
Page: https://openlegislation.uk/jobseekers-allowance-regulations-1996/regulation-115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.