beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Trusts, Settlements and Estates Manual

Ownership and income tax: legal background: ownership - two types of ownership

Ownership of property comprises

  • legal ownership (TSEM9120)
  • beneficial ownership (TSEM9130).

The same person may be both legal owner and beneficial owner of the property, but there can be a separation of the two.