Beneficial interest in a property refers to someone’s right to enjoy the economic benefits and use of a property. Someone can have a beneficial interest in a property even if they’re not named as a legal owner of the property.
A beneficial interest in property often arises in situations where multiple parties contribute towards the purchasing price of a property. For example, where parents make a financial contribution towards their child’s home, to help them buy it (eg by providing a deposit).
For more information, read Legal interest and beneficial interest in property.