News

STOP PRESS: The new Register of Overseas Entities owning UK land is live

Posted: 18 Aug 2022

The Register of Overseas Entities owning UK land (ROE) went live on 1 August and action is required.

Here are some key points to note. A fuller overview of the measures can be found in my April article here.

Deadlines

Scenario

 

Registration deadline

Registrable overseas entities that currently owns UK land   31 January 2023
Registrable overseas entities that disposed of UK land on or after 28 February 2022   31 January 2023
Registrable overseas entities looking to acquire, dispose, charge or deal with UK land   As soon as possible

 

Points to note

  • The measures apply to all UK land. This includes property (residential and commercial).
  • Trustees of non-UK trusts that are the beneficial owners of UK land will need to supply information about the trust.
  • Failure to comply with the measures is a criminal offence and will prevent sale, charging, gifting etc. the land.
  • Overseas entities includes Jersey, Guernsey and Isle of Man entities.

If you would like to discuss any of the details in this email please contact me on +44 (0) 7828 205528 or email hilesh.chavda@spencer-west.com.


Article written by: