Written Question·Department for Business and Trade·UIN 126580

Property: Foreign Companies

Tabled: 13 April 2026
Answered: 20 April 2026

Question

Neil Coyle

LabourBermondsey and Old Southwark

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Economic Crime and Transparency Act 2023 on the number of properties owned by offshore companies.

Answer

Blair McDougall
The Department has not made a specific assessment of the impact of the Economic Crime and Corporate Transparency Act 2023 on the number of properties owned by offshore companies. The Register of Overseas Entities was established and further strengthened t...

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