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Register of overseas entities owning UK real estate

Registering an overseas entity which owns UK property

The Economic Crime Act introduced a new requirement for overseas entities that own/hold UK property to register the details of all beneficial owners with Companies House, thus making it a matter of public record.

The requirements are designed to prevent people from concealing their ownership of UK property by using an overseas entity, such as a holding company.

What is a beneficial owner?

A beneficial owner is someone who has share ownership or voting rights of more than 25% along with all directors of the entity. The key point is to be able to identify the beneficial owner(s) to ensure that they are UK-tax compliant.

What are the requirements of registration?

The requirements of registration apply to freehold property and land and leaseholds of 7 years and more which have been owned by overseas entities since 1st January 1999. If an overseas entity has disposed of land in England and Wales or Scotland since 28th February 2022, a statement must be provided in their application.

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