How overseas property register works

As the deadline to register UK property owned by overseas owners approaches, David Rudge, head of UK at Zedra, explains the centrepiece of the Economic Crime Act

In March 2022, the government introduced the Economic Crime (Transparency and Enforcement) Act 2022 which aims to create a public register of overseas entities owning UK property. All overseas owners must sign up to the register by 31 January 2023 or face penalties.

What is an overseas entity?

An overseas entity is any legal entity governed by the laws of a county or territory outside the UK; this includes companies and partnerships in the Isle of Man, Jersey, Guernsey and/or other jurisdictions. Trusts with a corporate trustee will also be within scope.

What property is in scope?

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