TSEM9130 - Ownership and income tax: legal background: ownership - beneficial owner
»Ê¹ÚÌåÓýapp beneficial owner is the person for whose benefit the property is held. It is distinguished from the person in whose name the property is held (the legal owner).
‘[beneficial ownership] means ownership for your own benefit as opposed to ownership as trustee for another.� (J Sainsbury plc v O’Connor 64 TC 208)
»Ê¹ÚÌåÓýapp beneficial owner is sometimes referred to as having a ‘beneficial interestâ€� in the property.