Beneficial owner of a trust
A person or category of person who must be recorded as having beneficial ownership or control connected to a trust under trust, anti-money-laundering, SARS, or Master reporting rules.
Definition
Beneficial owner of a trust questions should be reviewed through the trust deed, founder or settlor details, trustees, named and unnamed beneficiaries, letters of authority, Master records, SARS trust registration or ITR12T records, beneficial ownership register filings, identity documents, and changes in control or benefit. The reporting route may involve both SARS and the Master.
Key takeaways
A person or category of person who must be recorded as having beneficial ownership or control connected to a trust under trust, anti-money-laundering, SARS, or Master reporting rules.
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Trust beneficial ownership filing
Trust administration
SARS trust return
Related resources
Resources and guides
Trusts Document Pack
Trusts Document Pack: prepare Trust deed, Letters of authority, Trustee resolutions and identify missing records before legal advice.
TrustsClient Document PackSars Objection Document Pack
Sars Objection Document Pack for organising documents, proof, records, and consultation materials connected to tax law.
Tax LawChecklistTrust Administration Checklist
Trust Administration Checklist for preparing documents, facts, dates, and questions connected to trusts.
TrustsFAQs
Beneficial owner of a trust FAQs
What does Beneficial owner of a trust mean?
A person or category of person who must be recorded as having beneficial ownership or control connected to a trust under trust, anti-money-laundering, SARS, or Master reporting rules.
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