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Written question asked by Baroness Hodge of Barking (Labour) on Friday, 23 October 2020, in the House of Commons. It was due for an answer on Monday, 2 November 2020 (named day). It was answered by John Glen (Conservative) on Monday, 2 November 2020 on behalf of the Treasury.


Trusts: Registration

Question

To ask the Chancellor of the Exchequer, what proportion of UK properties are held in trusts that will be registered through the new Trust Registration Service.

Answer

Information on the proportion of properties in the UK that are owned via trusts is not held at present. Property in the UK is held by a variety of different structures, including trusts.

There are various reasons that a trust may be required to register on the forthcoming expansion to the Trust Registration Service. Any of the trusts that meet these requirements may hold UK property. Additionally, non-UK trusts that acquire UK land going forward will be required to register.


Secondary information

Type
Written question
Reference
108199
Session
2019-21
Subjects
Property Registration Trusts
Contains statistics
Yes
Link
View this Written question on www.parliament.uk