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Trusts of Land and Appointment of Trustees Act 1996
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- UK Public General Acts
- 1996 c. 47
- Part III
- Section 22
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22Meaning of “beneficiary”
(1)In this Act “beneficiary”, in relation to a trust, means any person who under the trust has an interest in property subject to the trust (including a person who has such an interest as a trustee or a personal representative).
(2)In this Act references to a beneficiary who is beneficially entitled do not include a beneficiary who has an interest in property subject to the trust only by reason of being a trustee or personal representative.
(3)For the purposes of this Act a person who is a beneficiary only by reason of being an annuitant is not to be regarded as entitled to an interest in possession in land subject to the trust.
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