Part 11 Information about dealings in land Section 220: The beneficial ownership purpose Background
This section sets out the first ‘permitted purpose’ – the beneficial ownership purpose – and defines the relevant terms and concepts. It adopts definitions used in regulations 5 and 6 of the Money Laundering Regulations 2017.
	The Government anticipates using these powers to ensure that the beneficial owners of land (as defined in section 220) in England and Wales are more easily identifiable, by requiring any ownership structures beyond legal ownership to be declared and, if they are not already in scope of other transparency regimes, fully disclosed.