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Glossary entry

Spanish term or phrase:

titularidad real

English translation:

Beneficial ownership

Added to glossary by Taña Dalglish
Mar 19, 2020 16:34
4 yrs ago
157 viewers *
Spanish term

titularidad real

Spanish to English Bus/Financial Real Estate Education
This has been addressed before, but, in this context, is this Real, Actual or Beneficial (what the...?) Ownership?

TITULARIDAD REAL: Yo el Notario hago constar expresamente que he consultado la Base de datos de Titular Real a través de la aplicación SIGNO, y que el representante de la persona jurídica manifiesta que la información es correcta y coincidente con lo que consta en Acta autorizada por mí, el 28 de octubre de 2016 bajo el número XXX de orden de su protocolo, cuya copia auténtica se me exhibe, manifestando el compareciente no haberse modificado el contenido de la misma.
Proposed translations (English)
3 +2 Beneficial ownership
5 legal ownership
3 (registered) real estate ownership
Change log

Apr 5, 2020 11:48: Taña Dalglish Created KOG entry

Discussion

Justin Peterson (asker) Mar 22, 2020:
Yes ... that's it :) and "off-plan", incidentally, is very helpful, thanks
AllegroTrans Mar 22, 2020:
Thanks OK, so it's an off-plan contract to sell residential property and parking spaces
Justin Peterson (asker) Mar 22, 2020:
Sale Contract "COMPRAVENTA DE UN INMUEBLE FUTURO EN BRUTO DESTINADO A VIVIENDAS Y PLAZAS DE APARCAMIENTO CON RESERVA DE DOMINIO" - just doesn't have much of a ring to it, does it? :/
Ante mi ... Intervienen ... so and so ...
It's a Sale Contract
Justin Peterson (asker) Mar 22, 2020:
Sale Contract "COMPRAVENTA DE UN INMUEBLE FUTURO EN BRUTO DESTINADO A VIVIENDAS Y PLAZAS DE APARCAMIENTO CON RESERVA DE DOMINIO" - just doesn't have much of a ring to it, does it? :/
Ante mi ... Intervienen ... so and so ...
It's a Sale Contract
AllegroTrans Mar 22, 2020:
However Everything depends on what this document is about. I suspect (but asker please confirm) it's a notarial instrument tranferring ownership of a house, land etc.
If this is the case "beneficial ownership" would not be appropriate unless we are in the spehere of trusts and other complex legal arrangements. Please see my suggestion based on the assumption that this is a straightforward transaction.
AllegroTrans Mar 22, 2020:
No, it isn't a subset It's a concept which extends (in very general terms) to people that modern legislation in various countries has decided are the ultimate owners of what are often complex legal constructs - some honest and straightforward, other decidedly dodgy. The most common examples are trusts. A person exercising "control" over a legal structure may be deemed a beneficial owner, yet not actually (in terms of evidence) have any apparent ownership.
Justin Peterson (asker) Mar 20, 2020:
Thank you ... Thank you. So, beneficial ownership would be a subset of legal ownership? If Chris is right, in cases where one who owns more than 25% of the asset in question.
Mariela Rollinson Mar 20, 2020:
Sorry Justin I did not make any comments before, my understanding is that legal ownership refers to the right that someone may have that could or could not be beneficial
Justin Peterson (asker) Mar 20, 2020:
Oh, thanks AllegroTrans That's really helpful :)
AllegroTrans Mar 20, 2020:
Asker This is not "layman's" language, it's legal text and you need to get a grip on it if you want to translate it accurately.
Chris Lancaster Mar 19, 2020:
A beneficial owner is someone who holds more than 25% in the share capital (plenty of CNMV documents to support this); so not necessarily the 'legal' owner.
Justin Peterson (asker) Mar 19, 2020:
Well ... I am faced with the same dilemma These are the main translations already appearing on proz.
"Legal ownership" makes perfect sense.
"Beneficial ownership" may well be correct, but, to the layman, makes no sense. Beneficial ownership???

Proposed translations

+2
12 mins
Selected

Beneficial ownership

https://www.proz.com/kudoz/spanish-to-english/law-general/61...
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: Acta de identificación de titular real
English translation: Record (or Affidavit) of beneficial owner identification


La «titularidad real» de las sociedades de capital: entre el ...www.revistacritica.es › estudios › la-titularidad-real...
Aug 31, 2018 - La «titularidad Real» De Las Sociedades De Capital: Entre El Orden Público Y La Autonomía Privada. Title. The «beneficial Ownership» Over ...


titularidad real - English translation - bab.la Spanish-English ...en.bab.la › dictionary › spanish-english › titularidad-real
Translation for 'titularidad real' in the free Spanish-English dictionary and many other English translations. ... titularidad real {f}. EN. beneficial ownership ...

titularidad real - Translation into English - examples Spanish ...context.reverso.net › translation › spanish-english › titularidad+real
The information on beneficial ownership contained in that database may be collected in accordance with national systems. Los Estados ...


Guía-teórico-práctica-sobre-titularidad real - NotaríAbiertanotariabierta.es › guia-teorico-practica-titularidad-r...
Translate this page
Apr 3, 2018 - En esta primera iniciaremos el estudio de la titularidad real, su concepto, ... físicas a quienes imputar esa condición de “beneficial owner”.

beneficial ownership... | English to Spanish | Law: Contract(s)www.proz.com › kudoz › 853644-beneficial-owne...
https://www.proz.com/kudoz/english-to-spanish/law-contracts/...
Nov 1, 2004 - beneficial ownership... Spanish translation: propiedad/titularidad efectiva o propiedad/titularidad real. GLOSSARY ENTRY (DERIVED FROM ...

--------------------------------------------------
Note added at 2 days 6 hrs (2020-03-21 23:13:43 GMT)
--------------------------------------------------

http://www.eatlp.org/uploads/public/2006_UK_Report.pdf
The UK has a concept of beneficial ownership in
its national tax system and in its tax treaty
network.
The concept of a beneficial owner may be
understood as the person having “the sole and
unfettered right to use, enjoy or dispose of the
asset or income in question”.71 Thus, for instance,
shares might be held in the name of a particular
individual (legal owner) for the benefit of someone
else (beneficial owner). UK law understands this
distinction between the legal owner, and the
equitable or beneficial owner.

A legal owner is essentially the 'official' or 'formal' owner of a property whereas a beneficial owner is the person with the right to enjoy or benefit from the property – this can include the right to occupy or enjoy any income from the property.


La «titularidad real» de las sociedades de capital: entre el ...www.revistacritica.es › estudios › la-titularidad-real...
Aug 31, 2018 - La «titularidad Real» De Las Sociedades De Capital: Entre El Orden ... The work reviews the possibilities to identify the beneficial owner ...

Qué es la titularidad real y el impacto de la cuarta Directiva ...www.diariojuridico.com › Actualidad
Feb 12, 2018 - titularidad real - diario juridico. Paralelamente conceptos como “Ultimate Beneficial Owner” (UBO o Beneficiario último), “controller” y los no tan ...
Peer comment(s):
agree Adrian MM. : The first ref. being a good one! A literal translation of 'proprietorship of the land' would connote a contrast with a (UK land registration) 'proprietor/ress of a land charge' (a mortgagee or mortgage lender).
6 mins
Thanks, but the first one is your contribution, so it must be good! LOL. Stay safe!
agree patinba
12 mins
Thank you so much.
agree Chris Lancaster : https://www.gov.uk/government/publications/a-register-of-ben...
1 hr
Thank you Chris. Stay safe!
disagree Lester Tattersall : 'Beneficial ownership [..] refers to anyone who enjoys the benefits of ownership of [..] WITHOUT BEING ON THE RECORD AS BEING THE OWNER', Wiki. That's surely not the case here. Anyway, notaries can't + don't establish 'beneficial ownership'.
2 days 6 hrs
It is funny that you should disagree as this is not the first time the term has turned up (other ProZ links posted). There are those who agree, including a lawyer, so I will take your disagree with a grain of salt! Thx, but I beg to disagree!
neutral AllegroTrans : I now have doubts as to whether beneficial ownership is involved here
2 days 22 hrs
You would! Then, if that were the case, it would have been nice to have the additional information, but I will leave my answer!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
20 mins

legal ownership

It refers to the person who is legally entitled to own a particular asset.
Something went wrong...
2 days 22 hrs

(registered) real estate ownership

I am proposing that this is most probably a straightforward land (house, premises etc.) transaction and does not involve a beneficial owner, which (see my comment in DBox) is a different concept.
It occurs to me that a notary would search the Land Registry and establish the registered owner.
I may be totally wrong and asker needs to look at the text as a whole.

--------------------------------------------------
Note added at 2 days 23 hrs (2020-03-22 15:37:48 GMT)
--------------------------------------------------

I have deliberately gone with the US/international term of "real estate" rather than trying to mushroom this into UK English
Something went wrong...
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