The
government announced new rules linked to UK properties owned by overseas
businesses in August 2022. Businesses and owners had until 31st January 2023 to
report to the Register of Overseas Entities.
However,
various issues, from lack of awareness to non-compliance, mean that only 19,510
of 32,440 overseas organisations submitted their details to the register before
the deadline. A further 5,000 are expected to be pending.
This guide
explains what the register means, who it applies to, and what to...
more