Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Ownership definition

What does Ownership mean? In legal practice, ownership describes who has the bundle of rights over property: to possess, use, enjoy income, exclude others, transfer, or charge it, subject to law and third‑party rights (such as easements/servitudes, leases and security interests). It is a descriptive expression used across contexts (land, goods, shares, intellectual property), rather than a single statutory definition, though related concepts are defined in legislation and case law (for example, beneficial ownership in anti‑money laundering/PSC regimes and land registration rules). Across England & Wales, Northern Ireland and Ireland, lawyers commonly distinguish legal ownership (title shown on a register, deed or share register) from...

UK residential property ownership structures for UK-resident, UK-domiciled individuals: IHT, CGT, SDLT/LBTT/LTT, ATED and income tax overview (personal ownership, companies and trusts)

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Practice notes

Numerous UK taxes must be weighed when an individual intends to purchase a residential property. People also often weigh up whether holding that property through a structure or entity would be preferable to owning it personally. Beyond other considerations, such as the desire for flexibility or privacy, the divergent tax consequences are frequently the main influence. The purpose of this Practice Note is to summarise the UK taxes that should be reviewed within any assessment and to signpost fuller material on each tax. It concentrates on homes held by or for an individual for private use or as an investment, and excludes property trading...

Practice Note: Dealing in property or property investment?

This highlights the main points for distinguishing between trading and investment activity in a property context. This Practice Note is strictly confined to individuals who are UK resident and UK domiciled for tax purposes and should be read with the...

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Web page updated on 22/05/2026

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