# Trusts of Land and Appointment of Trustees Act 1996, Section 22: Meaning of “beneficiary”.

Extent: E+W

(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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Source: https://www.legislation.gov.uk/ukpga/1996/47/section/22 (the official version)
Page: https://openlegislation.uk/trusts-of-land-and-appointment-of-trustees-act-1996/section-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.