{
  "url": "https://openlegislation.uk/universal-credit-regulations-northern-ireland-2016/regulation-47",
  "json_url": "https://openlegislation.uk/universal-credit-regulations-northern-ireland-2016/regulation-47.json",
  "legislation": "nisr/2016/216",
  "legislation_title": "The Universal Credit Regulations (Northern Ireland) 2016",
  "legislation_url": "https://openlegislation.uk/universal-credit-regulations-northern-ireland-2016",
  "path": "regulation/47",
  "kind": "regulation",
  "number": "47",
  "heading": "Jointly held capital",
  "text": "( 1 ) Where a person and one or more other persons have a beneficial interest in a capital asset, those persons are to be treated, in the absence of evidence to the contrary, as if they were each entitled to an equal share of the whole of that beneficial interest.\n(2) Any premises or land not wholly owned by the claimant are to 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).",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 47 renumbered as reg. 47(1) (coming into force in accordance with reg. 1(3) of the amending Rule) by The Social Security (Miscellaneous Amendments) Regulations (Northern Ireland) 2017 (S.R. 2017/116), regs. 1(3), 9(3)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 47(2) added (coming into force in accordance with reg. 1(3) of the amending Rule) by The Social Security (Miscellaneous Amendments) Regulations (Northern Ireland) 2017 (S.R. 2017/116), regs. 1(3), 9(3)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2016/216/regulation/47",
    "retrieved_at": "2026-11-12T03:38:18.733448+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."
}