TSEM9954 - Ownership and income tax: Specific types of property: bank and building society accounts: example 13 - Solicitors designated client account
Solicitors can offer their client a 바카라 사이트˜Designated Client account바카라 사이트™ where the funds held are identified as belonging to that particular client - for example 바카라 사이트˜XYZ partnership - Mr A account바카라 사이트™. In this case XYZ partnership is the legal owner and Mr A is the beneficial owner. A is taxable on any interest.
The fact that both names appear in the account title does not signify joint ownership. It is not in the name of 바카라 사이트˜XYZ partnership and Mr A바카라 사이트™. Here 바카라 사이트˜Mr A바카라 사이트™ merely designates the account legally held by XYZ that relates to Mr A바카라 사이트™s affairs.