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Who are beneficial owners?

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My client's father passed away and left inheritance to her two children, our client then used this money to purchase a property adding a small amount herself but mainly for her children who are younger than 18. No legal document or trust was set up at the time. All rents received have been declared on our client’s tax return. Our client’s solicitor has advised our client to make a declaration of trust stating that the children do have beneficial ownership, however, have the children had beneficial ownership from the purchase or only from when the declaration has been made? 

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