### Question
How does Procedure and Administration define substantial beneficial interest?


### Answer
Under *26 U.S.C. § 6109*, **substantial beneficial interest** is defined as:

> not less than 5 percent of all beneficial interest in the policyholder

#### Citation:
  - *26 U.S.C. § 6109*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter B-Miscellaneous Provisions**

