The Council Tax Reduction Schemes and Prescribed Requirements (Wales) Regulations 2013

Capital jointly held: persons who are not pensioners

32.  Except where an applicant possesses capital which is disregarded under paragraph 30(5) (notional capital), where an applicant and one or more persons are beneficially entitled in possession to any capital asset they must be treated, in the absence of evidence to the contrary, as if each of them were entitled in possession to the whole beneficial interest therein in an equal share and the foregoing provisions of this Chapter apply for the purposes of calculating the amount of capital which the applicant is treated as possessing as if it were actual capital which the applicant does possess.