New register of beneficial ownership for overseas entities owning UK land

As part of its push on transparency of ownership, the UK Government is planning to create a new register of beneficial ownership information for overseas legal entities in certain situations.

All overseas entities will have to register beneficial ownership information at Companies House and obtain a registration number in order to register in the relevant land register:

(a) new purchases of, or acquisitions of long leasehold interests in, UK property; or

(b) any sale, long lease or mortgage of UK property already owned by the overseas entity.

For further information, please click here to read our more detailed briefing.