Foreign Companies: Property

(asked on 11th January 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, when he plans to bring forward legislative proposals to create a public beneficial ownership register of overseas entities that own UK property.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 14th January 2022

As set out in my Written Ministerial Statement made on 2nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. This register will help combat money laundering and achieve greater transparency in the UK property market. We will legislate when parliamentary time allows.

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