SCHEDULE 5 Land Ownership and Transactions: Northern Ireland
Economic Crime (Transparency and Enforcement) Act 2022 (2022 c 10) | Legislation

SCHEDULE 5 Land Ownership and Transactions: Northern Ireland

Section 33(3)

1

The Land Registration Act (Northern Ireland) 1970 is amended as follows.

2

After section 61 insert—

“61A Overseas entities

Schedule 8A is about the ownership of registered land by overseas entities and about registrable dispositions made by them.â€

3

After Schedule 8 insert—

“SCHEDULE 8A
Overseas Entities
Section 61A
Part 1
Registration and Dispositions

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 21 years from the date of grant.

Registration

2

No application may be made to register an overseas entity as the owner 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 an inhibition (“an overseas entity inhibitionâ€) against the title of the registered owner of a qualifying estate if satisfied that—

(a)     the registered owner is an overseas entity, and

(b)     the entity

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Mortgagees and tenants

Mortgagee’s consent to grant of leaseIf a property is subject to a mortgage that prohibits leasing without the mortgagee’s consent, then written evidence of consent must be obtained prior to completion of the lease. On the grant of an underlease, mortgagee’s consent in respect of any mortgage over

LEXISNEXIS

Possession with intent to supply

Possession with intent to supplyPossession with intent to supply a controlled drugIt is an offence for a person to have a controlled drug in his possession, whether lawfully or not, with intent to supply it to another in contravention of section 4(1) of the Misuse of Drugs Act 1971 (MDA

LEXISNEXIS

Acknowledgment of service

Acknowledgment of serviceThis Practice Note explains when an acknowledgment of service is required (CPR 10) and the consequences of a failure to file an acknowledgment of service. It identifies the correct form to use, what information must be included and who must to sign the form. The different

LEXISNEXIS

Wounding or causing grievous bodily harm with intent

Wounding or causing grievous bodily harm with intentThe offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861),