PARLIAMENTARY WRITTEN QUESTION
Property: Ownership (18 October 2021)

To ask the Secretary of State for Business, Energy and Industrial Strategy, when his Department plans to bring forward legislative proposals on implementing a register of beneficial owners of UK property.

Asked by:
Charlotte Nichols (Labour)

The Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property in order to combat money laundering and achieve greater transparency in the UK property market. We will legislate when parliamentary time allows. When we do implement these proposals, they will reflect the pre-legislative scrutiny Committee’s recommendations and will be more effective because of the broader powers we have since announced for Companies House, which also require primary legislation.

Answered by:
Paul Scully (Conservative)
26 October 2021