Part 1 Amendments to Land Registration Act 2002
Economic Crime (Transparency and Enforcement) Act 2022 (2022 c 10) | Legislation

SCHEDULE 3 Land Ownership and Transactions: England and Wales

Section 33(1)

Part 1 Amendments to Land Registration Act 2002

1

The Land Registration Act 2002 is amended as follows.

2

After section 85 insert—

“Overseas entities
85A Overseas entities

Schedule 4A is about the ownership of registered land by overseas entities and about registrable dispositions made by them.â€

3

After Schedule 4 insert—

“SCHEDULE 4A
Overseas Entities
Section 85A

Meaning of “qualifying estateâ€

1

In this Schedule “qualifying estate†means—

(a)     a freehold estate in land, or

(b)     a leasehold estate in land granted for a term of more than seven years from the date of grant.

Registration

2

No application may be made to register an overseas entity as the proprietor of a qualifying estate unless, at the time of the application, the entity—

(a)     is a registered overseas entity, or

(b)     is an exempt overseas entity.

Restrictions on disposal

3

(1)     The registrar must enter a restriction in the register in relation to a qualifying estate if satisfied that—

(a)     an overseas entity is registered as the proprietor of the estate, and

(b)

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