Yes it is absolutely permitted.
Verified by validating the posted Turtle example at http://mowl-power.cs.man.ac.uk:8080/converter/convert
Double-checked by outputing to XML format and validating using the official W3C converter at https://www.w3.org/RDF/Validator/rdfval
Both parsers accepted the example.
Resulting statements from the W3C parser:
Triples of the Data Model
Number Subject Predicate Object
1 http://abc.blah.com isIdentifiedBy http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#AnnotationProperty
2 http://abc.blah.com representationValue http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#AnnotationProperty
3 http://abc.blah.com GeoPoint http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#Class
4 http://abc.blah.com Latitude http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#Class
5 http://abc.blah.com Longitude http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#Class
6 http://data.blah.com lat20 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#NamedIndividual
7 http://data.blah.com lat20 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://abc.blah.comLatitude
8 http://data.blah.com lat20 http://abc.blah.comrepresentationValue "20"^^http://www.w3.org/2001/XMLSchema#string
9 http://data.blah.com lon150 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#NamedIndividual
10 http://data.blah.com lon150 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://abc.blah.comLongitude
11 http://data.blah.com lon150 http://abc.blah.comrepresentationValue "150"^^http://www.w3.org/2001/XMLSchema#string
12 http://data.blah.com myDataPoint1234 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://www.w3.org/2002/07/owl#NamedIndividual
13 http://data.blah.com myDataPoint1234 http://www.w3.org/1999/02/22-rdf-syntax-ns#type http://abc.blah.comGeoPoint
14 http://data.blah.com myDataPoint1234 http://abc.blah.comisIdentifiedBy http://data.blah.com lat20
15 http://data.blah.commyDataPoint1234 http://abc.blah.comisIdentifiedBy http://data.blah.com lon150