{
  "url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-275C",
  "json_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-275C.json",
  "legislation": "ukpga/1992/12",
  "legislation_title": "Taxation of Chargeable Gains Act 1992",
  "legislation_url": "https://openlegislation.uk/taxation-of-chargeable-gains-act-1992",
  "path": "section/275C",
  "kind": "section",
  "number": "275C",
  "heading": "Location of assets: interests of co-owners",
  "text": "(1) This section applies for determining for the purposes of this Act—\n(a) the situation of an interest (see subsection (4)) in an asset, or\n(b) whether the situation of an interest in an asset is in the United Kingdom.\n(2) The situation of the interest in the asset shall be taken to be the same as the situation of the asset, as determined in accordance with subsection (3) below.\n(3) The situation of the asset for the purposes of subsection (2) above shall be determined on the assumption that the asset is wholly-owned by the person holding the interest in the asset.\n(4) In this section “interest”, in relation to an asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 275C inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by Finance (No. 2) Act 2005 (c. 22), Sch. 4 para. 6"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 275-275C applied (for the tax year 2025-26 and subsequent tax years) by 2007 c. 3, s. 809L(9B) (with s. 809L(9C)) (as inserted by Finance Act 2025 (c. 8), s. 40(4), Sch. 9 para. 5(8))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1992/12/section/275C",
    "retrieved_at": "2026-10-29T09:36:15.270072+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."
}