# The Jobseeker’s Allowance Regulations (Northern Ireland) 1996, Regulation 115: Capital jointly held

Extent: N.I.
Status: prospective

(1) Subject to paragraph (2), 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 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 claimant, 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.
(2) Any premises or land not wholly owned by the claimant shall be disregarded for such period as is reasonable in the circumstances to enable the collection of such information as is necessary to determine the treatment of capital in accordance with paragraph (1).

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Source: https://www.legislation.gov.uk/nisr/1996/198/regulation/115 (the official version)
Page: https://openlegislation.uk/jobseekers-allowance-regulations-northern-ireland-1996/regulation-115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.