Property News · February 8, 2018

UK public register is redundant and deprives buyers of privacy, say industry players


Property industry players believe the UK government’s existing system to deter tax evasion and money laundering is already strong enough and are concerned about privacy issues arising from the introduction of a public register in 2021.
The public register will disclose the identities of the ultimate buyers of UK property who use offshore companies, in an attempt to improve the perception that the country is not a haven for tax evasion and money laundering. Draft legislation will be…

Source : South China Morning Post
Read more…UK public register is redundant and deprives buyers of privacy, say industry players

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