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In This Volume

  • 2 Subject to the exemptions, if any, in the regulations, an individual is a beneficial owner in respect of an interest in land registered or to be registered in the name of a trustee of a relevant trust if any of the following apply:
  • (a) the individual has, in respect of the interest in land, a beneficial interest, other than an interest that is contingent on the death of another individual;
  • (b) the individual has the power to revoke the relevant trust and receive the interest in land;
  • (c) the individual is a corporate interest holder in respect of a relevant corporation and the relevant corporation has
    • (i) a beneficial interest in respect of the interest in land, or
    • (ii) the power to revoke the relevant trust and receive the interest in land;
  • (d) the individual has a prescribed interest, right or ability in relation to the interest in land, or a prescribed criterion or circumstance applies to the individual.