Part 11 Information about dealings in land Section 220: The beneficial ownership purpose Effect
Subsection (1) clarifies that information is within scope of the beneficial ownership purpose if it appears to Secretary of State that it would be useful for: (i) identifying beneficial owners of land in England and Wales, or (ii) understanding the nature of the relationship between beneficial owners and the land in question.
	Subsection (2) sets out that a beneficial owner of land is defined for the purposes of this section by subsections (3) and (4) which set out who will be considered to be a beneficial owner of land where land is owned by a body corporate or partnership, trust, foundation or other similar legal arrangement or the estate of a deceased person in the course of administration. Subsections (3) and (4) refer to the definitions of beneficial owners - set out in regulations 5 and 6 of the Money Laundering Regulations 2017.
	Subsection (5) clarifies: (i) that expressions used in this section that are also used in regulations 5 or 6 of the Money Laundering Regulations have the same meaning as in those regulations; (ii) that references to ownership of land (except references to beneficial ownership) refer to legal ownership of a freehold or leasehold estate in the land; and (iii) the full title of the Money Laundering Regulations 2017.