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14(1)This paragraph applies where an asset-based penalty is chargeable in relation to an asset that is jointly held by P and another person (A).
(2)The value of the asset is to be taken to be the value of P’s share of the asset.
(3)In a case where P and A—
(a)are married to, or are civil partners of, each other, and
(b)live together,
the asset is to be taken to be jointly owned by P and A in equal shares, unless it appears to HMRC that this is not the case.
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