Beneficial Owner

Beneficial Owner means:
a person who enjoys the benefits of ownership, even though the title to the property is in another name. When shares of a mutual fund are held by a custodian bank or when securities are held by a broker in a street name, the real owner is the beneficial owner, even though, for safety or convenience, the bank or broker holds title.

U.S. and other Developed Countries International Tax Meaning

A person who enjoys the real benefits of ownership, even though the title to the property is in another name. Often important in tax treaties, as a resident of a tax treaty partner may be denied the benefits of certain reduced withholding tax rates if the beneficial owner of the dividends etc is resident of a third country.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.

See Tax Rate and Tax Rate.