Property News · January 17, 2018

May to set timetable to reveal foreign owners of UK property


PM faced Lords defeat after Tory peers pushed for register of beneficial ownersTheresa May will set out a timetable to break the secrecy surrounding the foreign ownership of British property worth billions after facing a House of Lords defeat at the hands of two Conservative peers. Lord Faulks, a former Tory justice minister, and Lord Hodgson have been calling on the government to establish a register exposing the beneficial owners of overseas companies and legal entities, and want it done within 12 months. Continue reading…

Source : theguardian.com
Read more…May to set timetable to reveal foreign owners of UK property

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