FAQ: What information should be completed if the number of beneficial owners is excessive, for example, listed company shareholders; trusts with more than 50 beneficiaries etc.

The ITR14 currently only requires disclosure of the holders of a beneficial interest in shares of 5% or more. Disclosure of the beneficial ownership of the company will be introduced soon.

However, the ITR14 incorrectly requires at least one entry to be made irrespective of whether or not there is a beneficial interest holding of 5% or more. This error will be fixed soon. In the meantime, kindly insert a “1” in the relevant field, and then complete the demographic and other details of (any) one of the holders of a beneficial interest in the shares.