The Economic Crime (Transparency and Enforcement) Act 2022 (“Act”) provides for the setting up on 1 August 2022 of a Companies House register for overseas entities that own certain property registered at the Land Registry or Land Register of Scotland. The Companies House register contains information about the overseas entity and its beneficial owners. The Act impacts on real estate transactions and their registration. Here is a series of FAQs providing information about the impact of the Act on English, Scottish and Welsh real estate. The Act affects the UK, but the FAQs relate to England, Scotland and Wales only.
Click here for the FAQs.