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Status: Published
Version date: 5 May 2010 - onwards
    Version 1 of 1    

beneficial owner

in relation to a partnership, means any individual who -

(a) ultimately is entitled to or controls, whether the entitlement or control is direct or indirect, more than a 25 per cent share of the capital or profits of the partnership or more than 25 per cent of the voting rights in the partnership, or

(b) otherwise exercises control over the management of the partnership