Foreign Companies: Property

Department for Business, Energy and Industrial Strategy written question – answered on 26th January 2022.

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Photo of Lord Goodlad Lord Goodlad Conservative

To ask Her Majesty's Government whether they will bring in a public register of foreign owned properties; and if so, when.

Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

As set out in the Written Ministerial Statement I made on 2nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. The register will not include the details of the properties owned by the overseas entities, which are recorded at HM Land Registry. 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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