CG12470 - Location of assets: types of asset (5): interests of co-owners

Assets may be co-owned by more than one person who together own the asset either jointly or in common, and in equal or unequal parts. Each co-owner thereby has an interest in the asset, and the situation of that interest is the same as the situation of the asset as it would be were the asset wholly-owned by the person holding the interest, TCGA92/S275C.

Assets held by a partnership, in which the partners therefore each have an interest, are within the scope of this provision.