Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, when he expects his Department to (a) conclude considerations and (b) establish a beneficial ownership register of overseas individuals and entities which own UK property.

As set out in my Written Ministerial Statement made on 2^nd November 2021, the Government remains committed to establishing a new beneficial ownership register of overseas entities that own UK property. This register will help combat money laundering and achieve greater transparency in the UK property market. We are continuing to finalise the draft legislation, to align with the broader reform of Companies House. We will legislate when parliamentary time allows.