Gove launches consultation to increase transparency of land trust ownership

By Olivia Barber2024-01-03T12:20:00

The consultation will look at widening access to trust information on overseas entities that own UK land

The government has launched a consultation into the transparency of land ownership involving trusts, aiming to eliminate “the veil of secrecy” surrounding land trusts.

The new proposals aim to make it clearer who owns land trusts, ensuring greater transparency to help with tackling illicit finance and corruption.

Gove stated that the consultation into land trusts launched on 27 December will build on the government’s previous work to prevent the abuse of trust structures through the passage of the Economic Crime and Corporate Transparency Act 2023.

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