Paragraph 11 Joint interests and joint arrangements

If two or more persons hold a right jointly, each of them is treated for the purposes of this Schedule as holding that right.

If the right held by a person and the right held by another person are the subject of a joint arrangement between those persons, each of them is treated for the purposes of this Schedule as holding the combined rights of both of them.

A “joint arrangement” is an arrangement between the holders of a right that they will exercise all or substantially all the rights conferred by their respective rights jointly in a way that is pre-determined by the arrangement.

“Arrangement” has the meaning given by paragraph 16(3).