Written question asked by Lord Goodlad (Conservative) on Wednesday, 12 January 2022, in the House of Lords. It was due for an answer on Wednesday, 26 January 2022. It was answered by Lord Callanan (Conservative) on Wednesday, 26 January 2022 on behalf of the Department for Business, Energy and Industrial Strategy.

Foreign Companies: Property

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

Answer: As set out in the Written Ministerial Statement I made on 2^nd 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.

Secondary information